Consider the Time Allocation Budget Line for Priya

question 339

Multiple Choice

Consider the time allocation budget line for Priya. Put hours of leisure on the horizontal axis and income on the vertical axis. If Priya can allocate 100 hours per week to either leisure or work and her wage per hour is $18, then the vertical intercept is _____ and the slope of the time allocation budget line is _____.

• A) $180; 18
• B) $1,800; 18
• C) $1,800; -18
• D) $720; 18

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Definitions:

Passionate Love

An intense emotional state characterized by strong feelings of attraction, attachment, and desire for another person, often accompanied by physiological arousal.

Attached Love

A form of affection and emotional bond that typically refers to the strong emotional connections developed between people in intimate relationships.

Defensive Attribution

Defensive attribution is a psychological process in which individuals attribute causes for events in a way that defends their self-esteem or minimizes their feelings of vulnerability.

Self-Serving Bias

A common tendency for individuals to attribute their successes to personal characteristics and their failures to external factors.