Which Statement Best Represents the Findings of a British Study

question 7

Multiple Choice

Which statement best represents the findings of a British study of leisure activities in older adults?

• A) Passive leisure was rarely welcome.
• B) Vigorous activities were the most pleasurable.
• C) Social activities were the most common activity.
• D) Most adults surveyed were involved in leisure activity.

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Definitions:

Tiebout Hypothesis

An efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences just as they do in the market for private goods.

Public Goods

Goods that are neither excludable nor rival in consumption, meaning anyone can use them, and one person's use does not diminish the ability of another to use it also.

Optimal Level

The most efficient, effective, or desirable point or state for a specific circumstance or variable.

Willingness to Pay

Willingness to pay represents the maximum amount an individual is prepared to spend to acquire a good or service.