An activity that makes some people better off and nobody worse off is a
A) government transfer program such as Social Security.
B) reduction in interest rates.
C) price floor that increases income to suppliers.
D) voluntary exchange.

Question

Quizplus · Accepted Answer

Voluntary exchange is an activity where both parties involved agree to the transaction because they both expect to benefit, making some people better off without making anyone worse off.

An Activity That Makes Some People Better Off and Nobody