A Higher _____ Will Increase the Opportunity Cost of Leisure

question 89

Multiple Choice

A higher _____ will increase the opportunity cost of leisure.

• A) employment rate
• B) substitution rate
• C) wage rate
• D) elasticity

---

Definitions:

Young-Helmholtz Theory

A theory of color vision proposing that the eye contains three types of receptors sensitive to red, green, and blue, which can produce the perception of all colors through their combined activity.

Especially Sensitive

Referring to individuals or systems that react more intensely or quickly to stimuli or changes in the environment than is typical.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Sensory Adaptation

The method through which sensory receptors decrease their sensitivity to unchanging stimuli as time passes.