Introduction to Economics 1 Deneme Sınavı Sorusu #589867

Mr. Özdemir has been fired from his company due to an economic recession. Now he is looking for a new job. He has submitted his CV to several companies and also checking the job advertisements on the newspaper daily.Which of the following markets is he in?


Labor market

Product market

Stock market

Land market

Capital market


Yanıt Açıklaması:

In the most general sense, there are two types of markets: product markets and factor markets. Production markets are where all sorts of goods and are bought and sold. In stock markets such as the Turkey’s BIST (Borsa İstanbul), shares of companies are bought and sold.  If you want to buy a piece of land or house, then you are a participant in the land market or real estate market. When you are offered a consumer loan, you are in a capital market. If you try to get a job, you are in a labor market. The true answer is A.

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