The process by which each person feels that what they give up is worth less than what they get is called

Question

Quizplus · Accepted Answer

The process described is voluntary trade, where both parties engage in the transaction because they believe the benefits outweigh the costs. Opportunity cost, specialization, comparative advantage, and absolute advantage are all related concepts but do not directly describe the process of evaluating the worth of what one gives up versus what they receive in a transaction.

The Process by Which Each Person Feels That What They