________ is the act of obtaining a desired object from someone by offering something in return.
A) Valuation
B) Exchange
C) Market offering
D) Confiscation
E) Donation

Question

Quizplus · Accepted Answer

Exchange is the act of obtaining a desired object from someone by offering something in return. It is a fundamental concept in economics and is the basis for market transactions. In an exchange, both parties believe that they will benefit from the transaction, otherwise, they would not engage in it. The other options, such as valuation, confiscation, and donation, do not involve the mutual agreement and consent of both parties and therefore do not constitute an exchange. Market offering refers to the products or services being offered for sale in a marketplace, but it is not the same as the act of exchange itself.

________ Is the Act of Obtaining a Desired Object from Someone