Which of the following activities is an example of a nonmarket transaction?
A) hiring a maid to clean your home
B) employing a lawn service worker to trim your bushes
C) hiring a nanny to take care of your kids
D) growing your own food in a vegetable garden

Question

Quizplus · Accepted Answer

Nonmarket transactions are activities that do not involve a market exchange or monetary payment. Growing your own food in a vegetable garden is a nonmarket transaction because it does not involve buying or selling in the market.

Which of the Following Activities Is an Example of a Nonmarket