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Kevin Is the CEO of a Large Firm and a Homeowner

Question 176

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Kevin is the CEO of a large firm and a homeowner who pays a landscaper to maintain his lawn rather than do it himself.Kevin has determined that he can earn more in the hour it would take him to work on his lawn than he must pay his landscaper.This scenario is an example of which principle of economics?


A) Trade can make everyone better off.
B) Markets are usually a good way to organize economic activity.
C) Governments can sometimes improve market outcomes.
D) Prices rise when the government prinst too much money.

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