In an informed and voluntary exchange,A) both parties receive something they value more than what they gave up.B) both parties place an equal value on what they received and what they gave up.C) neither party can gain more than the other.D) one trader can gain only at the expense of the other.

Question

In an informed and voluntary exchange,A)  both parties receive something they value more than what they gave up.B)  both parties place an equal value on what they received and what they gave up.C)  neither party can gain more than the other.D)  one trader can gain only at the expense of the other.

Sharina Rhoden · Accepted Answer

Final Answer : A, Explanation :  In an informed and voluntary exchange, both parties engage in the transaction because they each value what they are receiving more than what they are giving up, leading to mutual benefit.

In an informed and voluntary exchange,

A) both parties receive something they value more than what they gave up.
B) both parties place an equal value on what they received and what they gave up.
C) neither party can gain more than the other.
D) one trader can gain only at the expense of the other.

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Learning Objectives

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