Does voluntary exchange create wealth value-09157
Does voluntary exchange create wealth (value)?
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.7.
Does voluntary exchange create wealth (value)?
No, exchange does not expand output.
No, if one person gains, the other party must lose an equal amount.
Uncertain, it does when it results in the creation of additional goods and services; otherwise it does not.
Yes, trade generally permits the trading partners to gain more of what they value; this is why they agree to the terms of the exchange.
