Related to the Economics in Practice on Page 28: Which

question 30

Multiple Choice

Related to the Economics in Practice on page 28: Which one of the following occurs when an individual enters the paid work force?

• A) The opportunity cost of time for housework increases, because time spent on housework could be spent on money-earning activities.
• B) The opportunity cost of time for housework increases, because money earned at a job can allow individuals to pay someone to do household chores that the individuals used to do themselves.
• C) The opportunity cost of time for housework decreases, because increased earning power makes individuals less likely to do their own housework.
• D) The opportunity cost of time for housework decreases, because as more people enter the work force, businesses have greater incentives to develop innovations that make housework more efficient.

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Definitions:

Psychoanalytic Theory

A theory of psychology that emphasizes unconscious processes and childhood experiences in shaping behavior and personality.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Pleasure Principle

A psychoanalytic concept suggesting that people seek pleasure and avoid pain, guiding much of human behavior and decision-making.

Superego

In psychoanalytic theory, the part of the personality that acts as a moral center, enforcing societal norms and values.