If nonmarket work is a normal good, then an increase in income __________ the time allocated to __________
a. decreases; market work
b. decreases; leisure
c. increases; market work
d. increases; leisure
e. increases; nonmarket work
E
You might also like to view...
The world is more likely to run out of gold than it is to run out of bald eagles
Indicate whether the statement is true or false
If you returned a $5 Federal Reserve note to the Fed, you could receive: a. $5 in silver
b. $5 in gold. c. 5 one-dollar bills. d. 10 one-dollar bills. e. a small gold bar.
Which of the following will most likely cause an increase in the long-run aggregate supply curve?
a. a reduction in the general level of prices b. an increase in the general level of prices c. an improvement in technology that substantially reduces the cost of generating energy d. an increase in taxes that makes it more expensive for Americans to import crude oil
In states which operate under title theory, the borrower
a. transfers ownership to the mortgagee or a third party until paid b. transfers possession to the mortgagee or a third party until paid c. pledges the property as security on the loan d. creates a tenancy in common w/ the lender