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One of your friends has a chicken coop in their backyard, and another friend grows a backyard garden. Every two weeks, they swap eggs and
One of your friends has a chicken coop in their backyard, and another friend grows a backyard garden. Every two weeks, they swap eggs and produce. Does your friends' biweekly meeting generate gains from trade? Question 7 options: Yes, because the swap reallocates stuff to better uses. Yes, because the exchange of money allows for more complicated trades. No, because neither friend sold an hour of labor. No, because the gains from trade would only be generated if both friends sold their goods at a farmer's market
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