Lena and Jess are roommates. Lena hates to clean the bathroom. Jess will agree to clean the bathroom only if Lena vacuums the living room. This statement best represents this economic concept:
A)The real cost of something is what you must give up to get it.
B)"How much" is a decision at the margin.
C)People usually exploit opportunities to make themselves better off.
D)There are gains from trade.

Question

Quizplus · Accepted Answer

This scenario illustrates the concept of gains from trade, where both parties benefit by specializing in tasks they prefer or are willing to do in exchange for something else. Lena and Jess trade tasks to achieve a mutually beneficial outcome.

Lena and Jess Are Roommates