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Author Question: All of the following are cultural and moral assumptions that are associated with market exchange ... (Read 13 times)

ishan

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  • Posts: 546
on: Jul 10, 2018
All of the following are cultural and moral assumptions that are associated with market exchange EXCEPT:
 
  A) I will take a loss in some cases just to prove that I can exchange fairly.
  B) I anticipate a certain amount of deceit and unfairness.
  C) If you take advantage of me repeatedly, you will be punished.
  D) I will usually be treated fairly by people I do not know.
  E) I will exchange freely and with no restrictions.

Question 2

Market exchange is:
 
  A) found only in state societies.
  B) the primary distribution mechanism in most societies today.
  C) never found in horticultural and agricultural societies.
  D) the only true rational economic system that exists today.
  E) found universally in all societies today.


smrerig

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Reply #1 on: Jul 10, 2018
Answer to Question 1

E

Answer to Question 2

B


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