Multiple Choice
Leisure is considered a normal good since people:
A) consume more of it all the time.
B) cannot consume more,it being limited.
C) consume more of it when their income rises.
D) find it to be a luxury to take time off from their job.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q39: An objection to the marginal productivity theory
Q40: Derived demand for a factor of production
Q41: Regardless of gender and ethnicity,more education is
Q42: Suppose that Mike wants to pay efficiency
Q43: Use the following to answer question:<br>Figure: The
Q45: Use the following to answer question:<br>Figure: The
Q46: The opportunity cost of an hour of
Q47: Use the following to answer question: <img
Q48: A leftward shift in the labor supply
Q49: Holly and Emily both have a BS