Question

Miguel and Jorge both collect trading game cards. Jorge agrees to trade

one of his cards rated as "Valuable" for one of Miguel's cards, which is rated
"Most Valuable." Even though Miguel knows his card is worth more than
Jorge's, he agrees to the trade because it will give him a complete collection
of the "Valuable" cards. Jorge is happy because he is getting a more
valuable card.
Which statement below is true from an economic standpoint?

Answer 1

both parties benefited from this voluntary, non-fraudulent exchange.

Step-by-step explanation:

Answer 2

The correct answer to this open question is the following.

The statement that is true from an economic standpoint is that "both parties benefited from this voluntary, nonfraudulent exchange."

This is an example of the kind of interchange or transaction that involves two parties with different interests, but that can receive a benefit in a transaction of mutual agreement. Jorge accepts to trade

one of his "valuable" cards for one of Miguel's cards, which is rated

"Most Valuable." Both know that this is a fair transaction because there are advantages for both of them.