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

question 77

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.
-The concept of comparable worth:

• A)is that pay ought to be determined by job characteristics rather than by supply and demand.
• B)is that pay ought to be determined by supply and demand rather than by job characteristics.
• C)has made hiring practices much simpler for employers.
• D)asserts that market-determined wages are the only appropriate way in which to allocate pay.
• E)is easy to implement once a new worker has been hired.

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Definitions:

Stress Effects

The physical, psychological, and emotional responses or changes resulting from the pressures or demands on an individual.

Relaxation

Relaxation refers to the process or state of reducing tension and stress, resulting in a sense of increased well-being.

Pessimism

The tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart rhythm problems (arrhythmias), and heart defects.