Which of the following is not a form of nonmarket work?
a. working on your car at home
b. doing your laundry in a laundromat
c. making bread for a dinner at your sister's house
d. caring for your sister's children as a favor
e. babysitting for a fee
E
You might also like to view...
The present value of $475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?
A) 475 × 1.6 × 3 B) 475/(1.6)3 C) 475/(1.06)3 D) 3.06/475
Marginal cost can be determined best by observing changes in
a. average total cost. b. total variable cost. c. total fixed cost. d. total cost/marginal product.
Monopolies can misallocate resources by restricting output in an attempt to raise prices and profits
a. True b. False Indicate whether the statement is true or false
Which of the following statements is consistently associated with the standard migration model?
A. The decision to move is expected to increase the household's overall utility. B. Return migration occurs only when the mover regrets having made the initial move. C. Moving for job reasons is always done at the expense of family desires. D. Repeat migration occurs only when the mover is moving for job-related reasons. E. Repeat migration occurs only when the mover regrets having made the initial move.