The Hope That Equal Opportunity Combined with Voluntary Exchange Will

question 23

Multiple Choice

The hope that equal opportunity combined with voluntary exchange will move people toward equality is called:

• A) commutative justice.
• B) the principle of economic organization.
• C) distributive justice.
• D) the automatic market response to inequality.

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Definitions:

Invoice

A document from a seller requesting payment from the buyer; the supplier’s bill.

Mexican Peso

The currency of Mexico, symbolized as MXN, and used in financial transactions within the country.

U.S. Dollars

The official currency of the United States, widely used in international transactions.

Currency Exchange Rates

The rate at which one currency can be exchanged for another.