When Two People Agree to a Price in a Negotiation

question 93

Multiple Choice

When two people agree to a price in a negotiation, we can assume that:

• A)each one will receive equal benefits from the transaction.
• B)the seller will receive more benefit from the transaction than the buyer.
• C)only one of the parties will benefit, but there is not enough information to determine which one it will be.
• D)both parties will benefit.

---

Definitions:

Loyalist Exiles

Individuals who were loyal to the British Crown during the American Revolutionary War and who fled to other territories as a result of their allegiance.

Free Americans

Individuals in the United States who enjoy the freedoms and rights guaranteed by the Constitution and laws, without being subjected to slavery or involuntary servitude.

Loyal

Exhibiting strong allegiance or fidelity to a person, cause, or organization.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," a cornerstone of modern economic theory.