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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 3
Describe whether each of the following markets is local, national, or global.
a) The market for haircuts in a town.
b) The market for tickets to Disneyland.
c) The market for airplane tickets between San Francisco and New York.
d) The market for homes in Dallas.
e) The market for laptop computers (most of which are made in Asia).
a) The market for haircuts in a town.
b) The market for tickets to Disneyland.
c) The market for airplane tickets between San Francisco and New York.
d) The market for homes in Dallas.
e) The market for laptop computers (most of which are made in Asia).
Explanation
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Introduction:
Local market: It is the p...
Economics: The Basics 1st Edition by Mike Mandel
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