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:

Religious Beliefs

The faith or conviction in the doctrines of a religion, which often guide the moral and ethical decisions of its followers.

Public Schools

Schools that are funded and run by the government, providing free education to children in the community.

Jehovah's Witness

A member of a Christian denomination known for its non-participation in political and military activities and its door-to-door evangelism.

Pledge of Allegiance

A formal expression of loyalty to the flag and the nation, commonly recited in schools and public ceremonies in the United States.