In the study of labor supply,"leisure" refers to
A)time spent sleeping.
B)time spent doing absolutely nothing (except breathing).
C)time spent in one's place of residence.
D)time spent that is not spent in market work.

Question

Quizplus · Accepted Answer

Leisure in the study of labor supply refers specifically to time that is not spent in market work, i.e. time that is not spent earning wages or salary. This includes time spent pursuing hobbies, watching television, spending time with family or friends, or engaging in any other activity that is not directly compensated by an employer. Leisure time is important to consider in labor supply analysis because it is a key factor in determining how much time workers are willing to spend on market work, and how much they value their free time.

In the Study of Labor Supply,"leisure" Refers to