Recent Data Has Shown That Income and Volunteer Time Are

question 117

Multiple Choice

Recent data has shown that income and volunteer time are positively related.Assuming that volunteer time is included in leisure time,what could explain this observation?

• A) Higher income individuals view leisure as a normal good such that the income effect dominates the substitution effect.
• B) Higher income individuals view leisure as a normal good such that the substitution effect dominates the income effect.
• C) Higher income individuals view leisure as an inferior good such that the income and substitution effects both increase leisure time.
• D) Both A and C.

---

Definitions:

Drum's Friction Surface

The area on a brake drum where the brake shoes make contact, creating friction to slow down or stop the vehicle.

Drum Micrometer

A measuring tool specifically designed for checking the internal dimensions of brake drums to ensure they are within specification.

Grabbing Brakes

A condition where brakes apply too abruptly or with excessive force.

Glazed Linings

Refers to the condition where brake linings develop a shiny surface, reducing braking efficiency.