The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 95

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-When people are separated into different jobs on the basis of sex, it is referred to as:

• A)statistical discrimination.
• B)employer prejudice.
• C)worker prejudice.
• D)occupational segregation.
• E)occupational crowding.

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Definitions:

National Election

A formal and organized choice by vote of a country's electorate to select public officials or to make decisions on public policy.

Interest Rate

The percentage of a loan that is applied as interest for the borrower, usually indicated as an annual percentage of the remaining loan balance.

Expected Rate of Return

The profit or loss one anticipates on an investment relative to the original investment amount.

Total Investment

The sum of all financial resources allocated towards a particular investment, project, or portfolio.