SSEF3b - Voluntary Exchange

Front

Susan offers to trade her old iPod for Claudia's cell phone and Claudia accepts. Assuming both products work perfectly, we can conclude that

Back

both people have gained because the exchange was voluntary and non-fraudulent

Front

Voluntary Exchange must be both: Valuable and Non-Fraudulent

Back

Valuable and Non-Fraudulent

Front

Jaida trades with Xavier for tickets to a football game, but when she arrives, she finds they are counterfeit. Her trade was:

Back

Voluntary and Fraudulent

Front

Destiny notices that her check is less than she expects because Income taxes have been deducted. Her paycheck is an example of:

Back

Non-Voluntary Exchange

Front

Voluntary exchange means that the trade was one in which

Back

both parties traded willingly

Front

Non-fraudulent exchange is a trade in which

Back

the good was as advertised