Gains from Trade - End of Chapter Problem Some people enjoy gardening and will grow their own vegetables, fruits, and herbs in their own backyard or in a leased plot. Many people agree that fresh fruits and vegetables taste better and, in some cases, are relatively cheap to grow. a. What are some reasons that not everyone grows their own vegetable garden? Select all that apply. Some people prefer to go to the grocery store and find everything they need in one spot. do not have time to tend to garden chores like weeding, watering, fertilizing, etc. do not have the space or the willingness or means to rent space to grow a garden. would rather spend time engaging in other hobbies. b. Considering your answers in part a, why do most people not grow their own food? Mainly because O food companies are good at marketing their products and get customers hooked by putting additives in their food. O many people feel that their comparative advantage lies in other activities, and they are willing to pay someone else to make and source food for them. most millenials still live at home with their parents, so they do not need to worry about food production and preparation. O people are lazy and will almost always pay someone to do something for them, especially if it is unpleasant work.
Gains from Trade - End of Chapter Problem Some people enjoy gardening and will grow their own vegetables, fruits, and herbs in their own backyard or in a leased plot. Many people agree that fresh fruits and vegetables taste better and, in some cases, are relatively cheap to grow. a. What are some reasons that not everyone grows their own vegetable garden? Select all that apply. Some people prefer to go to the grocery store and find everything they need in one spot. do not have time to tend to garden chores like weeding, watering, fertilizing, etc. do not have the space or the willingness or means to rent space to grow a garden. would rather spend time engaging in other hobbies. b. Considering your answers in part a, why do most people not grow their own food? Mainly because O food companies are good at marketing their products and get customers hooked by putting additives in their food. O many people feel that their comparative advantage lies in other activities, and they are willing to pay someone else to make and source food for them. most millenials still live at home with their parents, so they do not need to worry about food production and preparation. O people are lazy and will almost always pay someone to do something for them, especially if it is unpleasant work.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Gains from Trade - End of Chapter Problem
Some people enjoy gardening and will grow their own vegetables, fruits, and herbs in their own backyard or in a leased
plot. Many people agree that fresh fruits and vegetables taste better and, in some cases, are relatively cheap to grow.
a. What are some reasons that not everyone grows their own vegetable garden? Select all that apply.
Some people
prefer to go to the grocery store and find everything they need in one spot.
do not have time to tend to garden chores like weeding, watering, fertilizing, etc.
do not have the space or the willingness or means to rent space to grow a garden.
would rather spend time engaging in other hobbies.
b. Considering your answers in part a, why do most people not grow their own food?
Mainly because
food companies are good at marketing their products and get customers hooked by putting additives in their food.
many people feel that their comparative advantage lies in other activities, and they are willing to pay someone else
to make and source food for them.
most millenials still live at home with their parents, so they do not need to worry about food production and
preparation.
people are lazy and will almost always pay someone to do something for them, especially if it is unpleasant work.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education