Ask Question
6 January, 15:34

Which is the best definition of voluntary exchange?

Question options:

banks voluntarily provide a reasonable exchange rate for foreign currencies

citizens voluntarily give up rights to the government for protection

the government provides laborers with money in exchange for their hard work

citizens choose to trade goods or services for something else of value

+4
Answers (1)
  1. 6 January, 19:22
    0
    citizens choose to trade goods or services for something else of value

    Voluntary exchange refers to actions of buyers and sellers freely and willingly engaging in market transactions. It involves transacting in such a way that both the buyer and the seller are better off after the exchange than before it.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which is the best definition of voluntary exchange? Question options: banks voluntarily provide a reasonable exchange rate for foreign ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers