In order for a voluntary exchange to take place, O the buyer has to feel that he or she will be better off after the transaction than before.
O the seller has to feel that he or she will be better off after the transaction than before.
O both parties must feel that the money or goods they receive is worth more to them than the money or goods they give up.

What did kublai khan learn from the chinese advisers he consulted?

How did the iran-contra affair impact the conflict between the united states and the soviet union? what role did the iran-contra affair play in both iran and nicaragua?

Which of the following statements about the economic consequences of the civil war is not accurate. a. inflation caused prices to rise by 80% in the north. b. because southern farms cannot process enough food for everyone in the south the union navy allowed food shipments from britain. c. to pay for all of the food supplies and arrangements that were necessary for the union army congress instituted an income tax. d. business boomed in the north as factories and farms always had a market for their products.