Many People Sell Goods Through EBay at Prices That Are

question 135

Multiple Choice

Many people sell goods through eBay at prices that are higher than the prices they paid for these goods.Economists consider these transactions as

• A)examples of zero-sum games, since the value of the goods sold is exactly equal to the prices paid for them.
• B)unproductive since the goods sold have been produced in the past.
• C)examples of exploitation of buyers of the goods by the sellers.
• D)examples of arbitrage.

Comprehend the buyer's rights to inspect goods before accepting or paying for them.

Differentiate between a commercial unit and its implications for sales transactions.

Recognize the legal remedies available for unconscionability in contracts.

Understand the distinctions between full, limited, express, and implied warranties.

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Definitions:

Driving Forces

Elements that motivate or push an organization or individual towards a particular direction or goal.

Restraining Forces

are factors or influences that resist or oppose change, hindering movement towards a desired state.

Stability

The quality of being resistant to change, maintaining a consistent state over time, or returning to an equilibrium after a disturbance.

Predictable Role Patterns

Established behaviors and responsibilities expected from individuals in specific positions within an organization.