• Card 73 / 100: Explain why the deal between Justin and Vraj was mutually beneficial.

    Answer:
    Both agreed to it, so we know it was mutually beneficial. Justin got to eat his pizza, which he valued more than giving up the future 50 cents in interest, and Vraj earned the interest, which he valued more than what he otherwise could have done with his $2 the day he lent it. Sample Partial Credit Answer Both agreed to it.

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Capitalism: The Market Economy

Access: Public Peer Review

Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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