Which of the Following Scenarios Is Most Likely the Result

question 45

Multiple Choice

Which of the following scenarios is most likely the result of the recent recession?

• A) many baby boomers are using part-time work as a way to ease into retirement
• B) many people are working part-time because they have not been able to find full-time jobs
• C) part-time work is attractive to Millennials who are seeking a better work-life balance
• D) part-time work is allowing educated professionals to address both job and personal needs

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Definitions:

Utility Maximizer

An individual or entity that seeks to achieve the highest level of satisfaction possible from their consumption choices, given their resources.

Net Seller

An individual or entity that sells more than it purchases in a given market, often resulting in a net inflow of funds.

Net Buyer

An entity or individual that purchases more of a commodity or asset than they sell in a specific period.

Normal Goods

Goods for which demand increases when consumer income increases, and falls when consumer income decreases, all else being equal.