Which of the Following Is True Regarding Value and Exchange

question 220

Multiple Choice

Which of the following is true regarding value and exchange?

• A) Middlemen fail to create value since they do not expand the supply of physical goods.
• B) A good or service has a given value regardless of who uses it or how it is used.
• C) If it were not for middlemen, transaction costs would be zero.
• D) Voluntary exchange creates value by channeling goods into the hands of people who value them most.

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