Jim Has an Old (Working) Television That He Would Like

question 136

True/False

Jim has an old (working) television that he would like to get rid of now that he has purchased a new high-definition, flat-screen television. The old television is no longer worth anything to him now that he has his new flat-screen TV. Veronica on the other hand has an even older television that has just broken down. She would pay up to $50 for any working TV. If Jim trades Veronica his old television for $50, both are better off but total value in society does not increase.

---

Definitions:

Telecommuting

The practice of working remotely, often from home, using digital communication technologies instead of being physically present at a company's office.

Compressed Workweek

An alternative work schedule allowing employees to work longer hours on fewer days, often resulting in a three-day weekend.

Telecommuting

It involves working from a remote location outside of a traditional office environment, often from home, using technology to stay connected.

Flexible Working Hours

An arrangement that allows employees to vary their arrival and departure times, or choose their working hours, to accommodate personal needs and improve work-life balance.