If real wage decreases, the opportunity cost of working in the home will _____
A) increase as long as worker productivity decreases.
B) decrease.
C) not be affected.
D) increase as long as worker productivity also rises.
E) increase only if households want to maintain their standard of living.
Correct Answer:
Verified
Q1: Which of the following has displaced some
Q2: The term utility refers to _
A) satisfaction.
B)
Q3: A good or service has utility if
Q5: Which of the following is one of
Q6: A household consists of _
A) a single-family
Q7: One explanation for the change in the
Q8: Households now produce _for themselves and demand
Q9: Households act as demanders when they demand
Q10: A household consists of _
A) a house.
B)
Q11: Economists assume that people try to maximize
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