Which of the following is a result of increased real wages in the United States?
A) A decrease in the quantity of services demanded by households
B) An increase in the opportunity cost of remaining employed in the home
C) A decrease in the opportunity cost of working outside the home
D) A decline in the number of households providing labor outside the home
E) Reduced use of labor-saving devices in households
Correct Answer:
Verified
Q1: Mark and Charles are roommates at college.Each
Q3: Households act as suppliers when they provide
A)goods
Q4: The term "utility" means
A)satisfaction
B)a low-valued good
C)productivity
D)adaptability
E)efficiency
Q8: The objective of the household is to
A)maximize
Q9: Rationality in the household decision-making process means
Q11: Households act as demanders when they demand:
A)that
Q14: Caleb teaches economics at Happy State University
Q15: Which of the following is an example
Q17: Harold,a delivery man,washes and irons his own
Q19: In the United States since World War
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