QUESTION IMAGE
Question
which of these is an example of a nonmarket transaction?
maintaining a newspaper route
babysitting as a favor to a friend
mowing lawns to earn spending money
paying a consultant for ideas on how to improve a product
Brief Explanations
A nonmarket transaction involves no monetary exchange. Babysitting as a favor has no payment, unlike the other options which involve earning money (market transactions).
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B. babysitting as a favor to a friend