In General, as Wages Go Up

question 31

Multiple Choice

In general, as wages go up:

• A)people are willing to work less.
• B)the opportunity cost of leisure goes up.
• C)the opportunity cost of leisure goes down.
• D)people will always work more.

---

Definitions:

Partial Balance Sheet

A financial statement that shows a company's financial position for a specific part of the accounting period, detailing assets, liabilities, and equity.

Total Current Assets

The aggregate amount of all assets expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business.

Assets Due

Typically refers to amounts or assets scheduled for receipt or payment within a predefined period; however, "Due" often relates to liabilities (e.g., accounts payable). NO precise term called "Assets Due" in standard financial terminology without further context.

90-Day Note

A short-term debt instrument that matures in 90 days, typically used for financing immediate needs.