Beth is deciding whether to pick up more hours at work or to take a vacation.This decision best describes:
A) her hours decision.
B) her labor-force participation decision.
C) the value she places on income.
D) the labor-leisure trade-off.
E) the necessity of income.

Question

Quizplus · Accepted Answer

Beth's decision to pick up more hours at work or take a vacation involves a trade-off between leisure (vacation) and labor (work). This is an example of the labor-leisure trade-off.

Beth Is Deciding Whether to Pick Up More Hours at Work