In which of the following markets is speculation common?
A) the market for apples
B) the Australian housing market
C) the market for designer jeans
D) the market for jeans

Question

Quizplus · Accepted Answer

Speculation is common in markets where there is a high degree of uncertainty and volatility, and where there is the potential for large profits. The Australian housing market is a good example of this, as it is a market that is often subject to booms and busts, and where there is a lot of potential for profit (or loss) for those who speculate on the market.

In Which of the Following Markets Is Speculation Common