What are some benefits of voluntary exchange? What are the responsibilities?

Answers

Answer 1

Answer:

The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.

Hope this helps!

Related Questions

The valuation you have of yourself is known as

Answers

Answer:

self-esteem

Explanation:

self-esteem is how you value yourself

Answer:

self-esteem

Explanation:

Your friend Cameron just bought a top-of-the-line mountain bike and paid with cash. He listed his old one online. A buyer expressed interest in the bike and while they were talking, you heard Cameron describe the old bike as “like new.” You know the bike’s front-wheel fork once snapped and had to be welded. With new paint, the weld is invisible. The buyer passed on the bike. What do you do? Do you talk to Cameron about lying to a potential buyer

Answers

Answer:

yes this is called scamming and is illegal even if you werent the seller you were still involved so you will go down to the best idea is to confront them and tell them what they are doing is wrong

Explanation:

It is the right of the Buyer to have full information about the product, and it is the duty of the seller to give the detail information.

Buyer and Seller duty

Laws are clear about the duties and responsibilites a Buyer and Seller has, if someone does not obey these rules he or she will have to pay the compensation to the aggrieved party.

From the above statement, we can say that Cameron should have given all the information about the bike to the buyer. And I will say him that he did not obey to Law, therefore he should give compensation to the buyer.

Learn More about Seller duty here:

https://brainly.com/question/6017314

Keeping in mind the three types of schools in the United States, what kind of school is Neha attending? Neha is in high school. She attends a Catholic school. Her parents pay a small tuition for her education. Neha’s Catholic classmates have to take a Religion Studies class. As Neha is Hindu she gets a library period when these classes are held. Neha attends a(n)_______ school. fill in the blank please

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Answer:

Private school

Explanation:

Neha attends a private school as she has to pay a certain maount despite it being little, for tuition. Private schools are run from funds gotten through tuition, endowments, gifts, etc Thsis isn't the case with public schools as the government at any level is responsible for fundiing of the schools.

Also, the school is a catholic school. This means that Neha's school has affiliations with the catholic church. This is something that isn't possible with public schools.

Cheers.

The more money invested in the government, the less money available for businesses, home loans, and other investments True False

Answers

Answer:

Well, I think the right answer is: True. Because, I think the government have more money than us, Which it can damage businesses, home loans, and investments too. The more the government take money out the more businesses, home loans, and investments can go slower too. Which it can be ruin too.

Hope This Helps!!~

Have a Great Day!!~

What type of information system would a chain of theaters use to sell

tickets?

Answers

Answer:

transaction processing system

The type of information system would a chain of theaters used to sell tickets is the transaction processing system.

What is the transaction processing system?

Transaction processing is a method of acting or calculation that breaks down the work into discrete, indivisible activities known as transactions.

A transaction processing system software collection that facilitates transaction processing.

It's the kind of information system that a theater chain might use to sell tickets.

Therefore, transaction processing system helps in completing the business.

Learn more about the transaction processing system, refer to:

https://brainly.com/question/11621307

The graph shows a point of equilibrium. A graph has Quantity supplied on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect at point (30, 9). Line P is drawn from the point of equilibrium to the y-axis, and line Q is drawn from the point of equilibrium to the x-axis.What does "Q” represent on the graph? the point where equilibrium is achieved the quantity at the equilibrium point the average cost of goods sold the point where supply and demand drop

Answers

Answer:

the quanity at equilirium point

Explanation:

Correct on edge 2020

Answer: The correct answer is B

Explanation:

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