Question

7 true or false 5 points
angel needs a new car. she does research online. she looks at ford, honda, toyota, subaru, and volkswagen vehicles. she finally decides on a honda, and she goes to the local dealership to purchase her new car. angel’s free choice to go to honda is called “voluntary exchange”.
true
false
8 true or false 5 points
there are three economic questions for all economies. 1) what to produce? 2) how to produce it? 3) how to cheat the customers?
true
false

Explanation:

For question 7: Voluntary exchange refers to a mutual transaction where two parties freely trade goods/services. Angel's choice alone is just consumer selection, not an exchange.
For question 8: The three core economic questions are "What to produce?", "How to produce it?", and "For whom to produce it?"; the third statement given is incorrect.

Answer:

1. False
2. False