What is voluntary exchange?
A. Voluntary exchange occurs when products of services are available without cost to the consumer?
A. No, voluntary exchange does not involve products or services being available without cost to the consumer.
Voluntary exchange refers to the act of individuals or parties willingly trading or exchanging goods, services, or resources with one another. It is characterized by both parties agreeing on mutually beneficial terms and willingly participating in the exchange without any coercion or force. Both parties perceive that they will benefit from the exchange, otherwise, they would not willingly engage in it.