If Real Wage Decreases,the Opportunity Cost of Working in the Home

question 167

Multiple Choice

If real wage decreases,the opportunity cost of working in the home will:

• A)increase.
• B)decrease.
• C)not be affected.
• D)increase as long as worker productivity also rises.
• E)increase only if households want to maintain their standard of living.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.

Empathy

The capacity to understand or feel what another person is experiencing from within their frame of reference, that is, the capacity to place oneself in another's position.

Just World

The belief that the world is fundamentally fair and all actions and decisions result in fair or deserved consequences.

Diving Board

A flexible board secured at one end and projecting over water, used for diving or jumping into a pool.