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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Definitions:

Family Dysfunction

The disorganization or breakdown of healthy familial relationships, often resulting in conflict, lack of support, and communication problems.

Separation Anxiety

A disorder in which an individual experiences excessive fear or anxiety regarding separation from home or an attachment figure.

Encopresis

A condition in children characterized by involuntary defecation in inappropriate places, beyond the age at which toilet training is usually completed.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity.