Author Question: Budget lines: a. are typically positively sloped. b. are typically negatively sloped. c. often have ... (Read 77 times)

serike · **on:** Jun 30, 2018

Budget lines:
a. are typically positively sloped.
b. are typically negatively sloped.
c. often have the same slope as indifference curves.
d. are generally horizontal.

Question 2

Which of the following statements is true?
a. Leisure only includes the time that a person spends socializing.
b. Standing in a queue at a bank is not considered leisure.
c. If someone enjoys his or her job, then the time he or she spends at work is considered leisure.
d. Leisure will always decrease as a person's wage increases.
e. Leisure includes the time that a person spends away from a paying job, regardless of how this time is spent.