Scenario 18-3 Sam Has Two Jobs, One for the Winter and One

question 251

Multiple Choice

Scenario 18-3
Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour.
-Refer to Scenario 18-3. Assume that Sam has an upward-sloping labor supply curve. If the opportunity cost of Sam's leisure time increases, he will respond by working

• A)more hours.
• B)fewer hours.
• C)an equal number of hours.
• D)a number of hours that cannot be determined from the information. The labor demand curve is needed to make this determination.

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Definitions:

Self-Starters

Describes individuals who are motivated and initiate tasks without the need for external encouragement or pressure.

Sense of Purpose

A feeling of having goals, direction, and meaning in life.

Cognitive Development

The process through which a person's ability to think, understand, and learn evolves throughout life, particularly observed in children.

Middle Adulthood

A stage of life typically ranging from about 40 to 65 years, where individuals experience changes in physical ability, life roles, and perspectives.