Card 73 / 145: Intertemporal substitution refers to
A)
the tendency to work more when the returns to work are higher.
B)
the decision to substitute one television show for another during the same time slot.
C)
the preference for households to smooth their consumption over time.
D)
the decision on how to allocate time between work and leisure.
Answer:
A) the tendency to work more when the returns to work are higher.
Previous Card | ← Previous Card Button |
Next Card | → Next Card Button |
Flip Card | Space-Bar |
|