Voluntary exchange occurs when two economic actors

Social Studies

1 answer:

Cerrena [4.2K]3 years ago

3 0

Answer: See explanation

Explanation:

Voluntary exchange is simply referred to as an act whereby both the buyers and the sellers can engage in transactions in the market freely.

Voluntary exchange is a fundamental assumption made by neoclassical economics which forms the basis of contemporary mainstream economics.

According to the principle, people act based on their interest. In a scenario whereby the individuals believe that they will not gain from a particular transaction, they won't engage in such.

You might be interested in

An example a negative reinforcement is putting coins in a broken soft drink machine. giving bonuses to workers even when they fa

nikitadnepr [17]

Answer:

Nagging a spouse to stop smoking.

Explanation:

Negative reinforcement refers to a situation in which a particular behaviour is strengthened by removing a negative outcome. This concept is part of the theory of operant conditioning by B. F. Skinner. In this example, the person would stop smoking (desired behaviour) in order to avoid the nagging of a spouse (negative outcome). Therefore, this is an example of a negative reinforcement.

4 0

3 years ago

If the demand for a good or service increases, how will prices affect supply?

Fittoniya [83]

Answer:

the prices would go up higher? idk

8 0

3 years ago

Read 2 more answers

Hurry pls its due in 30. i will give branliest

Bumek [7]

Answer: