Recent data has shown that income and volunteer time are positively related. Assuming that volunteer time is included in leisure time, what could explain this observation?
A) Higher income individuals view leisure as a normal good such that the income effect dominates the substitution effect.
B) Higher income individuals view leisure as a normal good such that the substitution effect dominates the income effect.
C) Higher income individuals view leisure as an inferior good such that the income and substitution effects both increase leisure time.
D) Both A and C.
Question 2
Wealthy people will tend to have vertical labor supply curves
A) only if their income effect just offsets their substitution effect.
B) only if their income effect is greater than their substitution effect.
C) only if their income effect is less than their substitution effect.
D) only if they don't have an income effect.
Extent of agricultural activity across the planet (data from Foley et al. 2005).
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The principle of faunal succession uses animal fossils to tell relative time.
When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive
Applying the FITT Principle to Each Exercise Component of Health-Related Physical Fitness