Almost any business transaction in a modern economy involves:
A) an exchange at a list price.
B) "dumping."
C) an exchange of money-the money being the Price-for something of value.
D) a loss of consumer surplus.
E) an exchange in which price serves as a measure of quality.

Question

Quizplus · Accepted Answer

In a modern economy, almost any business transaction involves an exchange of money for something of value. This money exchanged is the price of the product or service being offered. Therefore, the correct choice is C.

Almost Any Business Transaction in a Modern Economy Involves