A set of arrangements where economic agents can freely exchange their endowments or products with each other is known as: Option 1: Embassies Option 2: Fixed exchange market Option 3: Market Option 4: Defense colony

The answer is 'Market'. View full solution:

CUET Economics - A set of arrangements where economic agents can freely exchange their endowments or products with each other is known as: | PYQs + Solutions

CUET Economics 2026 21st May Shift 2

Micro

Easy

Embassies

Fixed exchange market

Market

Defense colony

✅ Correct Option: 3