The Key Assumption of the Income-Leisure Model

question 90

Multiple Choice

The key assumption of the income-leisure model:

• A)is not applicable to the real world and so negates the usefulness of the model.
• B)is not valid as employers will not cater to workers' income-leisure choices.
• C)holds good in general because workers can vary work hours with overtime,leaves without pay and early retirement.
• D)is only applicable to entrepreneurs and not salaried workers who are associated with less promising financial rewards.

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Definitions:

Vivid

Producing powerful feelings or strong, clear images in the mind.

Non-rapid Eye Movement (NREM)

A period of sleep that encompasses stages 1 through 3, characterized by slower brain waves, decreased body movement, and reduced eye movement.

Circadian Rhythm

A cycle that is connected with the 24-hour period of the Earth’s rotation.