Asked by Wajahat Jabbar on Jul 21, 2024
Verified
Trade takes the form of _____ when people directly exchange goods they have for goods they want.
A) exploitation
B) benevolence
C) barter
D) a zero-sum game
Zero-Sum Game
A situation in economic theory where one participant's gains result entirely from another participant's equivalent losses.
Exploitation
The act of using someone or something unfairly for one's own advantage, often without proper compensation.
Barter
The direct exchange of goods or services for other goods or services without the use of money.
- Comprehend the basic mechanisms of trade and barriers to trade.
Verified Answer
FB
Faris BanihaniJul 21, 2024
Final Answer :
C
Explanation :
Barter is the direct exchange of goods or services without the use of money. It involves the trade of goods that each party values equally, without the need for a medium of exchange. This type of trade has been used since ancient times and still exists in some parts of the world today.
Learning Objectives
- Comprehend the basic mechanisms of trade and barriers to trade.