________ Is the Act of Obtaining a Desired Object from Someone

question 99

Multiple Choice

________ is the act of obtaining a desired object from someone by offering something in return.

• A) Valuation
• B) Exchange
• C) Market offering
• D) Confiscation
• E) Donation

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Definitions:

Resources

Assets, materials, or substances available for use in the production process, human activities, or for satisfying needs.

Economists

Professionals who study how societies use scarce resources to produce valuable commodities and distribute them among different people.

Opportunity Cost

Opportunity cost represents the value of the best alternative that is foregone when a choice is made between several mutually exclusive options.

Avatar

A graphical representation of a user in digital media, often used in social media, games, and virtual reality environments.