Assume a Round of Golf Requires Four Hours of Leisure

question 237

Multiple Choice

Assume a round of golf requires four hours of leisure time, and attending a concert requires two hours. If the price of a round of golf is $40 and the price of a concert is $80, ceteris paribus, Joe will play

• A) golf but not attend concerts, since golf is cheaper.
• B) golf twice as often as he attends concerts.
• C) less golf whenever he receives a large raise.
• D) relatively less golf and attend relatively more concerts whenever his leisure time becomes more scarce.

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Definitions:

Janusian Thinking

A cognitive approach characterized by considering opposing ideas or concepts simultaneously, facilitating creative and innovative solutions.

Autonomy

The degree of freedom and independence an individual or unit has to make decisions and carry out actions within their role or responsibility.

Freedom

The state of being free or at liberty rather than in confinement or under physical restraint; often includes the power to act, speak, or think without externally imposed restraints.

Detachment

describes a state of emotional disengagement or neutrality, often used as a coping mechanism to maintain objectivity or reduce personal bias.