Bart trades his tuna and alfalfa sprout sandwich away to Lisa for a Butterfinger Bar. Since they both agree to trade voluntarily, Select one: O a. at the time of the trade, each feels that he or she is benefiting from the trade. O b. Bart gets to do Butterfinger commercials, while Lisa does tuna sandwich commercials. Lisa values Butterfinger Bars more highly than Bart does. O c. O d. Lisa and Bart agree that a Butterfinger Bar is about equal in value to a tuna sandwich. O e. Bart probably thinks that a tuna sandwich is more valuable than a Butterfinger, because it is more nutritious. Prohibiting a trade between two people Select one: O a. probably will inhibit productive efficiency. O b. might be necessary if resources are to be put to their most highly-valued uses. O c. will promote economic efficiency. O d. is bad for everybody. O e. will have no effect on other persons. Trade between two people Select one: O a. sometimes benefits both parties. O b. sually hurts one of them, although we cannot be sure which one. O c. usually benefits one person at the expense of another. O d. usually helps the richer of the two and hurts the poorer of the two. e. always benefits both parties.
Bart trades his tuna and alfalfa sprout sandwich away to Lisa for a Butterfinger Bar. Since they both agree to trade voluntarily, Select one: O a. at the time of the trade, each feels that he or she is benefiting from the trade. O b. Bart gets to do Butterfinger commercials, while Lisa does tuna sandwich commercials. Lisa values Butterfinger Bars more highly than Bart does. O c. O d. Lisa and Bart agree that a Butterfinger Bar is about equal in value to a tuna sandwich. O e. Bart probably thinks that a tuna sandwich is more valuable than a Butterfinger, because it is more nutritious. Prohibiting a trade between two people Select one: O a. probably will inhibit productive efficiency. O b. might be necessary if resources are to be put to their most highly-valued uses. O c. will promote economic efficiency. O d. is bad for everybody. O e. will have no effect on other persons. Trade between two people Select one: O a. sometimes benefits both parties. O b. sually hurts one of them, although we cannot be sure which one. O c. usually benefits one person at the expense of another. O d. usually helps the richer of the two and hurts the poorer of the two. e. always benefits both parties.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Transcribed Image Text:Bart trades his tuna and alfalfa sprout sandwich away to Lisa for a Butterfinger Bar. Since they both agree to trade voluntarily,
Select one:
O a. at the time of the trade, each feels that he or she is benefiting from the trade.
O b.
Bart gets to do Butterfinger commercials, while Lisa does tuna sandwich commercials.
Lisa values Butterfinger Bars more highly than Bart does.
O c.
d.
Lisa and Bart agree that a Butterfinger Bar is about equal in value to a tuna sandwich.
e. Bart probably thinks that a tuna sandwich is more valuable than a Butterfinger, because it is more nutritious.
Prohibiting a trade between two people
Select one:
O a. probably will inhibit productive efficiency.
O b. might be necessary if resources are to be put to their most highly-valued uses.
c. will promote economic efficiency.
O d. is bad for everybody.
e. will have no effect on other persons.
Trade between two people
Select one:
O a. sometimes benefits both parties.
O b. sually hurts one of them, although we cannot be sure which one.
c. usually benefits one person at the expense of another.
O d. usually helps the richer of the two and hurts the poorer of the two.
e. always benefits both parties.
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