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Question
which transaction fails to produce gains from trade for both buyers and sellers?
neighbours jordan and chelsea are both working parents. they can hire a single babysitter to care for both of their toddlers for 75 percent of what they would collectively have to pay two separate babysitters.
charlenes job requires her to work on an oil rig, and she must alternate two weeks on the rig and two weeks off. when she is on the rig, she rents out her apartment through airbnb.
callie turns down an extra shift at work to take care of household chores.
elijah decides that his family should eat more healthy meals, but they are very pressed for time. he decides to subscribe to a service that sends healthy pre - planned meals to his home three times a week.
- In the first option, Jordan and Chelsea save money by sharing a babysitter, a gain for them and income for the babysitter.
- In the second option, Charlene earns from renting her apartment (gain for her) and the renter gets a place to stay (gain for them).
- In the fourth option, Elijah's family gets healthy meals (gain for them) and the meal - service provider gets business (gain for them).
- In the third option, Callie's decision is an internal trade - off between work and household chores. There is no external buyer - seller trade with mutual gains.
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C. Callie turns down an extra shift at work to take care of household chores.