Which of the Following Statements About Exchange Is True

question 195

Multiple Choice

Which of the following statements about exchange is true?

• A) If everyone starts off with the same quantities of each good, it would be impossible to realize gains from trade.
• B) Exchange tends to move each good toward those individuals who value the good more highly.
• C) Exchange always results in one party being made better off and the other being made worse off.
• D) For trade to occur, everyone must start off with the same value of the good that is traded.

---

Definitions:

HR Practice

Encompasses the policies, procedures, and activities implemented by an organization to manage its human resources effectively.

External Human Resource Sources

External methods or channels through which organizations recruit or hire new employees, such as job boards or recruitment agencies.

Internal Human Resource Sources

Recruiting methods that involve filling job vacancies with current employees or individuals already known to the organization, such as through promotions or internal transfers.

HR Demand

The projected requirement for human resources in an organization based on future business activities, strategic goals, and workforce planning.