Which of the following is NOT a voluntary exchange?
A)Tom's car is stolen from in front of his house.
B)Marie buys groceries.
C)Scott pays $10,000 for tuition and fees this semester.
D)Emily buys a $1,000 plane ticket to fly from New York to Dallas on short notice.

Question

Quizplus · Accepted Answer

A voluntary exchange is a transaction where both parties involved agree to the exchange and both perceive themselves to be better off as a result. In the case of Tom's car being stolen, there is no agreement or consent by Tom to exchange his car for nothing in return. The other options involve voluntary exchanges where both parties agree to the transaction.

Which of the Following Is NOT a Voluntary Exchange