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:

Correct Solution

The solution to a problem or challenge that effectively resolves it in the most efficient, accurate, or appropriate manner based on the given conditions or criteria.

Computer Aided Decision Making (CADM)

The use of computer systems to support or enhance the decision-making processes.

Group Decision Support Systems (GDSS)

Computer-based systems designed to aid groups in making decisions, particularly complex decisions that require the synthesis of multiple inputs and viewpoints.

Electronic Brainstorming (EBS)

A method of brainstorming that uses electronic devices and platforms to gather ideas and solutions from participants in different locations, enhancing creativity and participation.