Which of the Following Animals Spend About 14 Hours Per

question 111

Multiple Choice

Which of the following animals spend about 14 hours per day sleeping?

• A) cows
• B) horses
• C) giant sloths
• D) cats
• E) deer

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Definitions:

Above-Equilibrium Wage Rates

Wages set above the market equilibrium, often leading to surplus labor supply or unemployment, as employers demand less labor at higher wage rates.

Opportunity Cost of Shirking

The benefits a worker forgoes by choosing to shirk (reduce their level of effort or productivity) at work, which could include potential wage increases, promotions, or job security.

Shirking

The action of avoiding or escaping from work or duties.

Monitoring Costs

Expenses involved in overseeing and controlling the performance of a business or investment.