Which of the Following Must Be True for Voluntary Exchange

question 16

Multiple Choice

Which of the following must be true for voluntary exchange to be mutually beneficial?

• A)The parties to the exchange do not cheat
• B)The presence of a middleman
• C)The use of currency for exchange
• D)All individuals are risk averse

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Definitions:

Emigrants

Individuals who leave their own country to settle permanently in another.

Immigrants

Individuals who move from one country to another with the intention of settling permanently or temporarily in the new country.

Neo-Malthusian

Relating to the belief in population control through the use of contraception and family planning, updating Thomas Malthus's predictions about population growth and sustainability.

Garrett Hardin

An American ecologist who famously discussed the "Tragedy of the Commons," highlighting the conflict between individual interests and common good in resource usage.