The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 3

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-Which of the following determines comparable worth of a particular job?

• A)Cultural background of the applicants
• B)Gender of the candidates applying for a job
• C)Race of the applicants for the job
• D)Level of formal education required for a job
• E)National origin of the workers in a factory

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Definitions:

Average Temperature

The mean value of temperature taken over a specified period of time, used to describe climate or weather conditions.

Standard Deviation

A quantitative indicator that calculates the degree of spread or variability among a collection of data points.

Expected Rate

The anticipated return on an investment over a specific period.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of numerical data from its mean.