An example of gains from trade is that people sell their labor for money and spend that money on food because: Answer choices employers gain from running their businesses. people gain because they can earn money from trading. people value their time, so they sell it for money. more benefits can be had by specializing in one task and then trading for other goods and services than doing every task by oneself.
An example of gains from trade is that people sell their labor for money and spend that money on food because: Answer choices employers gain from running their businesses. people gain because they can earn money from trading. people value their time, so they sell it for money. more benefits can be had by specializing in one task and then trading for other goods and services than doing every task by oneself.
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 14E
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Question
An example of
Answer choices
employers gain from running their businesses.
people gain because they can earn money from trading.
people value their time, so they sell it for money.
more benefits can be had by specializing in one task and then trading for other goods and services than doing every task by oneself.
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