In the Case of Leisure,the Substitution Effect Implies That ________

question 166

Multiple Choice

In the case of leisure,the substitution effect implies that ________.

• A) when the price of leisure increases, people will work more
• B) when the price of leisure increases, people will work less and relax more
• C) if people tend to work more and relax less, the price of leisure increases
• D) if people tend to work more and relax less, the price of leisure decreases

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Definitions:

Indians

People originating from or associated with India; may also refer to individuals from indigenous communities in the Americas, though "Native Americans" is more accurate for the latter.

South Asians

People originating from the southern region of the Asian continent, primarily from countries like India, Pakistan, Bangladesh, Sri Lanka, and Nepal.

Symbolic Ethnicity

A form of ethnicity that is individualistic in nature and without real social cost for the individual, often expressed through nostalgic activities or the display of cultural symbols.

Domestic Labor

Work performed within the household, such as cleaning, cooking, and childcare, often undervalued and disproportionately assigned to women.