Question

question 2
(02.01 mc)
which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?
product market
factor market
financial market
closed market

Explanation:

To determine the correct market type, we analyze each option:

• Product market: Involves buying/selling finished goods/services (like the sandwich itself), not stocks.
• Factor market: Deals with factors of production (labor, capital, etc.), not stocks.
• Financial market: Where financial assets (like stocks) are traded. Buying stock in a company is a financial transaction.
• Closed market: Not a standard market type for stock trading.

So the correct market for buying stock is the financial market.

Answer:

B. Financial market (assuming the options are labeled as: A. Product market, B. Financial market, C. Factor market, D. Closed market; adjust labels if needed based on original option numbering)