If Real Wage Decreases,the Opportunity Cost of Working in the Home

question 167

Multiple Choice

If real wage decreases,the opportunity cost of working in the home will:

• A)increase.
• B)decrease.
• C)not be affected.
• D)increase as long as worker productivity also rises.
• E)increase only if households want to maintain their standard of living.

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Definitions:

Thomas-Kilman Conflict Model

A framework that identifies five approaches individuals use to handle conflict: avoiding, accommodating, competing, compromising, and collaborating.

Compromiser

Someone who uses his or her skills to blend differences and form a workable alternative.

Basic Goals

Fundamental objectives or aims that an individual or organization strives to achieve.

Envious Person

An individual who feels discontent or covetousness with regard to another's advantages, success, or possessions.