Which of the following events will likely make indifference curves (between income on the vertical axis and household time on the horizontal axis) flatter?
A) New inventions that make it easier to substitute market goods for household time.
B) Increased valued of time spent at home with children.
C) An increase in income.
D) Smaller future wage penalities for staying at home.
Correct Answer:
Verified
Q4: If Social Security benefits were changed so
Q4: Household production consists of
A) any commodities which
Q7: The monetary value of a homemaker's time
Q11: If two partners enjoy each other's company,
Q12: If a family's budget constraint shifts because
Q13: An increase in the daily cost of
Q16: If both the "added-worker" and the "discouraged-worker"
Q18: The "added worker" effect would tend to
Q19: John,a bachelor,after reading a book on homemaking,suddenly
Q20: If the only working member of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents