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:

Silicate Structure

The arrangement of silicon and oxygen atoms that forms the backbone of most minerals in the Earth's crust.

Silicon Tetrahedron

The fundamental building block of silicate minerals, consisting of a silicon atom surrounded by four oxygen atoms in a tetrahedral shape.

Silicate Minerals

Minerals that contain silicon and oxygen in their chemical structure, making up the majority of the Earth's crust.

Sulfides

A group of minerals containing sulfur (S) bonded with a metal.