An important element of the market process is that ( )
A: although people trade voluntarily, one party “wins” and the other party “loses”.
B: the government determines the extent of market activity in order for all parties to benefit.
C: people are better off if they are self-sufficient than if they trade with others in the market.
D: people trade voluntarily and all parties expect to benefit.
A: although people trade voluntarily, one party “wins” and the other party “loses”.
B: the government determines the extent of market activity in order for all parties to benefit.
C: people are better off if they are self-sufficient than if they trade with others in the market.
D: people trade voluntarily and all parties expect to benefit.
举一反三
- Which of the following is a TRUE statement? A: Everyone benefits from free trade. B: Only exporters benefit from trade. C: All producers benefit from trade and but not all consumers benefit. D: Free trade harms domestic producers of goods that face import competition.
- How people interact A: Trade can make everyone better off. B: Rational people think at the margin. C: Government can sometimes improve market outcomes. D: The cost of somethings is what you give up to get it.
- Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers “make a market” by _________
- If a firm charges more than the market price, it loses all its customers to other firms.
- A growing population does not mean growing markets unless ________。（ ） A: the people are under a democratic system of government B: there is common ownership of all resources C: people have sufficient purchasing power D: there is adequate governmental intervention in the market E: the government has a budget surplus