Which of the Following Is a Reason That Some Economists

question 54

Multiple Choice

Which of the following is a reason that some economists do not agree with the concept of a labor-leisure tradeoff?

• A)Wages are paid in dollars and leisure is measured in time,hence there is no way to compare the two.
• B)On a day-to-day basis,most jobs do not have the flexibility to allow people to weigh the benefits and costs to determine how much they should work that day.
• C)In the long-run,the supply of labor hours is perfectly inelastic.
• D)An increase in the wage rate always leads to an increase in the supply of labor hours.
• E)Some people do not work at all,so there is no labor-leisure tradeoff for those individuals.

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Definitions:

Leaders

Individuals who guide, direct, or influence others toward achieving goals or realizing a vision.

Independent Workers

Individuals who provide services or work on a project basis, often without a long-term commitment to any single employer or client.

Short-term Talent

Individuals or groups hired or utilized for their skills over a brief period, often to meet specific project or seasonal demands.

Flexible Working Arrangements

Employment terms that allow for variability in working hours, locations, and schedules to accommodate employees' needs and preferences.