When People Consume More Leisure

question 171

Multiple Choice

When people consume more leisure:

• A) the hours in the workweek will increase.
• B) the nation's GDP will decrease as a result of fewer hours worked.
• C) the nation's GDP will increase as a result of the value of leisure.
• D) the nation's GDP will not be affected.

Describe the historical concept of feudalism.

Analyze the perspectives on poverty and the concept of socioeconomic status in the context of American society.

Distinguish between internal and international stratification.

Understand the methodology and importance of class analysis in the study of sociology and stratification.

---

Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Manufacturing Cycle Time

The total time taken from the start of production to the completion of the final product, including all processing and waiting times.

JIT Systems

Just-in-time production strategies that aim to reduce in-process inventory and carrying costs by producing only what is needed, when it's needed.

TPS

An acronym for Toyota Production System, a methodology that aims to increase efficiency by eliminating waste and improving production processes.