Respuesta :
Market transactions are those in which the buyer and seller act only for their own benefit. The buyer and supplier of services do not behave in their own self-interest in non-market transactions since they are not conducted at arm's length.
The statements under "Market":
5. Suzanne finds a secondhand textbook on eBay for a fraction of the cost of a new textbook at her university's bookshop.
- Reason: Ebay is a platform that connects buyers and sellers to facilitate the sale of goods. Both the buyer and the seller have a vested interest in the transaction.
7. Mitchell purchases 50 shares of GM stock at the current market price.
- Reason: Because the going price is the current market price of the transaction, it is conducted at arm's length in both the buyer's and seller's interests.
The statements under "Not-Market":
1. While his elderly aunt recovers from knee replacement surgery, Frank looks after her.
- Reason: Transactions that aren't advertised aren't at arm's length and aren't in the best interests of both the buyer and the vendor.
2. A ticket scalper sells Jack and Diane seats to the sold-out Pirates game.
- Reason: Although the transaction is in both the buyer's and seller's best interests, it is an illegal transaction carried out by a ticket scalper to take advantage of the show's old out factor.
4. After a flood devastated their homes, the residents of Marble Cliff, Vermont, receive financial assistance from the government.
- Reason: The government's loss compensation is a market intervention to assist citizens, not an arm's length transaction between buyer and seller.
6. On his day off from work, Norm paints the fence in his front yard.
- The reason for this is that non-marketed services are not included in market transactions.
For more information about these transactions, refer below:
https://brainly.com/question/8017256
