question 1 of 10 what is the voluntary exchange of goods and services? surplus trade taxes scarcity
question 1 of 10 what is the voluntary exchange of goods and services? surplus trade taxes scarcity
Answer
Answer:
B. Trade
Brief Explanations:
Trade is the voluntary exchange of goods and services between parties. Surplus refers to an excess of production or supply. Taxes are compulsory payments to the government. Scarcity is the limited availability of resources.