A farmer selling tomatoes and corn at a roadside,and a currency trader in Hong Kong are each participating in
A)barter.
B)a market.
C)an involuntary transaction.
D)flexible manufacturing.
E)international trade.

Question

Quizplus · Accepted Answer

Both the farmer and the currency trader are participating in a market, which is a system of exchange where goods and services are bought and sold for money or other goods and services. Barter involves exchanging goods or services without the use of money, which is not the case here. Involuntary transactions involve one party being forced to participate against their will, which is not the case here. Flexible manufacturing refers to a type of manufacturing process, which is not relevant to this scenario. International trade involves the exchange of goods and services between different countries, which may or may not be happening in this scenario.

A Farmer Selling Tomatoes and Corn at a Roadside,and a Currency