An Increasingly Large Number of People Depend on Part-Time Work

question 20

Multiple Choice

An increasingly large number of people depend on part-time work for the necessities of full-time living.Yet most part-time jobs are:

• A)good jobs
• B)high-paying jobs
• C)bad jobs
• D)skilled jobs
• E)technical jobs

---

Definitions:

Isocost Line

A graph line representing all combinations of inputs that have the same total cost.

Total Cost

The complete cost of production, including both fixed and variable costs, for a set level of output.

Capital

Those goods produced by the economic system that are used as inputs to produce other goods and services in the future.

Labor

The effort that people contribute to the production of goods and services in an economy, typically measured in terms of hours worked.