You pay a plumber to install a new dishwasher in your home. Which statement is FALSE? a. You experience gains from trade because you received a service. b. The plumber experiences gains from trade because they earned income. c. Markets orchestrated the gains from trade in this transaction. d. Only the plumber experiences gains from trade because they received money.
You pay a plumber to install a new dishwasher in your home. Which statement is FALSE? a. You experience gains from trade because you received a service. b. The plumber experiences gains from trade because they earned income. c. Markets orchestrated the gains from trade in this transaction. d. Only the plumber experiences gains from trade because they received money.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 1:
You pay a plumber to install a new dishwasher in your home. Which statement is FALSE?
a. You experience
b. The plumber experiences gains from trade because they earned income.
c. Markets orchestrated the gains from trade in this transaction.
d. Only the plumber experiences gains from trade because they received money.
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