What Term Best Describes Exchanges of Goods,services,or Promises on Terms

question 1

Multiple Choice

What term best describes exchanges of goods,services,or promises on terms that take place outside of traditional economic markets and are not enforceable in court?

• A)Handshake agreement
• B)Noncontractual exchange relationship
• C)Internal context
• D)External context
• E)Exclusive dealing

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Definitions:

Conditioned Response

The learned response to the conditioned stimulus that occurs after conditioned stimulus-unconditioned stimulus pairing.

Voluntary Behavior

Actions that are performed consciously and intentionally by an individual, as opposed to reflexes or automatic responses.

Reflex

An automatic, involuntary reaction to a specific stimulus that does not require conscious thought.

Habit

A regular behavior or routine that is repeated often and tends to occur subconsciously.