Author Question: People generally view leisure a. as an inferior good b. as a normal good c. as a source of ... (Read 118 times)

iveyjurea · **on:** Jun 30, 2018

People generally view leisure
a. as an inferior good
b. as a normal good
c. as a source of disutility
d. as more valuable per unit the more they have of it
e. as unrelated to utility maximization

Question 2

When an economy experiences strong economic growth,
a. the number of families in the bottom 10 percent of the income distribution decreases
b. the income of families in the bottom of the income distribution increases
c. only the top of the income distribution is affected
d. the accompanying inflation cancels out any change in income distribution
e. the rich are no better off because taxes rise with income