When two people engage in voluntary trade,
A) each will expect to lose.
B) one will necessarily lose.
C) both will expect to be made better off.
D) both will necessarily lose.

Question

Quizplus · Accepted Answer

Voluntary trade, by definition, occurs because both parties expect to benefit from the exchange. Otherwise, they would not engage in the trade. Therefore, it is expected that both parties will receive some form of gain or benefit from the trade.

When Two People Engage in Voluntary Trade