John is contemplating whether he should take a job offered to him. John should
A. take the job if taking the job implies he will enjoy more leisure.
B. not take the job if taking the job implies he will enjoy less leisure.
C. not take the job if the value of his leisure is less than the wage rate the job pays.
D. not take the job if the value of his leisure is greater than the wage rate the job pays.
Answer: D
You might also like to view...
Manufacturing, employment, monetary, and consumer expectations statistics are examples of lagging indicators
Indicate whether the statement is true or false
Dead capital is most likely to exist when
A. there are restrictions on imports. B. property rights are well-defined. C. there are restrictions on exports. D. residents of a country face barriers to establishing legal ownership of resources.
According to the Application, one reason for the increase in Chinese demand for pecans was
A) the expectation of higher future prices. B) a decrease in income. C) an increase in the price of walnuts, a substitute good. D) an increase in consumer preferences.
Limits on the number of broadcast television stations or AM and FM radio stations one owner could own were eliminated by the Telecommunications Act of 1996
Indicate whether the statement is true or false