The Value of Leisure Time

question 18

Multiple Choice

The value of leisure time

• A) is lower during a boom for people working too hard than it is during a recession for people who are unemployed.
• B) must be the same, according to microeconomic theory, during a boom for people working too hard as it is during a recession for people who are unemployed.
• C) is higher during a boom for people working too hard than it is during a recession for people who are unemployed.
• D) is different during a boom for people working too hard than it is during a recession for people who are unemployed, but in an unspecified direction.
• E) none of the above because the value of leisure time is an individualistic measure.

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A designated place where individuals receive instruction and practice in a particular skill or profession under supervision.

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