When Two People Engage in Voluntary Trade

question 89

Multiple Choice

When two people engage in voluntary trade,

• A) one will necessarily lose.
• B) both will necessarily lose.
• C) both will expect to be made better off.
• D) each will expect to lose.

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Definitions:

Netiquette

A set of guidelines for proper behavior and manners on the internet.

Retail Florists

Specialized businesses that sell fresh and artificial flowers along with additional gift items.

Advertising

The nonpersonal communication of information paid for by an identified sponsor, for example, an individual or an organization.

Electronic Collection

The process of collecting payments, debts, or other obligations electronically, via online transactions or electronic payment systems.