Related to the Economics in Practice on p. 26: Based on the increase in the number of women in the labor force over the past 60 years, the opportunity cost of preparing a home-cooked meal
A) decreased.
B) increased.
C) remained constant.
D) dropped to zero.

Question

Quizplus · Accepted Answer

The increase in the number of women in the labor force over the past 60 years has led to an increase in the opportunity cost of preparing a home-cooked meal. This is because as more women work outside the home, the time that could be spent on cooking could alternatively be used to earn income, making the cost of time spent on cooking higher.

Related to the Economics in Practice on P