Given a fixed amount of time, a decision to supply labor or not is simultaneously a decision to
A)demand goods and services or not.
B)demand leisure or not.
C)supply capital and land or not.
D)supply leisure or not.

Question

Quizplus · Accepted Answer

The decision to supply labor or not is directly related to the decision to demand leisure or not. If an individual decides to supply labor, they are giving up the opportunity to engage in leisure activities during that time. If an individual decides not to supply labor, they are choosing to allocate that time towards leisure activities instead. The other choices listed are not directly related to the decision to supply labor or not.

Given a Fixed Amount of Time, a Decision to Supply