ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Susan offers to trade her old iPod for Claudia’s cell phone and Claudia accepts. Assuming both products work perfectly, we can conclude that
A
Claudia is now happier than Susan.
B
both people have gained because the exchange was voluntary and non-fraudulent.
C
neither party has gained because the exchange was fraudulent.
D
Susan places the same value on cell phones as she does for iPods.
Explanation: 

Detailed explanation-1: -Susan offers to trade her old iPod for Claudia’s cell phone and Claudia accepts. Assuming both products work perfectly, we can conclude that. both people have gained because the exchange was voluntary and non-fraudulent. Susan places the same value on cell phones as she does for iPods.

There is 1 question to complete.