If Nonmarket Work Is a Normal Good, Then an Increase

question 140

Multiple Choice

If nonmarket work is a normal good, then an increase in income __________ the time allocated to __________.

• A)decreases; market work
• B)decreases; leisure
• C)increases; market work
• D)increases; leisure
• E)increases; nonmarket work

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Definitions:

Equipment

Assets used in the operations of a business, typically consisting of machinery, tools, and vehicles.

Stock

Ownership shares in a corporation, representing a claim on part of the corporation's assets and earnings.

Stockbroker

A person licensed to assist investors in buying and selling securities for a commission.

Securities Analyst

A financial professional who conducts research, analyzes securities, and provides investment recommendations based on their findings.