Which of the Following Statements About Exchange Is False

question 218

Multiple Choice

Which of the following statements about exchange is false?

• A) The expectation of gain motivates people to engage in trade.
• B) If a party to a potential exchange does not believe that it will lead to personal gain, he or she can chose not to engage in the trade.
• C) Voluntary exchange is generally mutually beneficial to the trading partners.
• D) If one trading partner gains, the other must lose.

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Definitions:

Office Furniture

Office furniture refers to movable objects intended to support various human activities such as seating, working, and storing in an office environment, including desks, chairs, and file cabinets.

Insurable Interest

A concept in insurance policies where the policyholder must have a stake in the insured item's well-being, facing potential loss if it's damaged or lost.

Sellers

Individuals or entities that offer goods, services, or assets for sale to buyers in exchange for money or other considerations.

Title

in a legal context refers to a formal right of ownership of property, whether tangible or intangible, indicating the holder's legal right to use, control, or dispose of the property.