Nonmarket work includes time spent
a. producing goods and services for your employer
b. pursuing hobbies and crafts
c. engaging in strenuous physical exercise to reduce your weight
d. producing your own goods and services
e. managing your own firm
D
Economics
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Market equilibrium
i. can never occur because there are always people who want a good but cannot afford it. ii. occurs at the intersection of the supply and demand curves. iii. is the point where the price equals the quantity. A) ii only B) iii only C) ii and iii D) i only E) i and ii
Economics
Supplemental Security Income (SSI) is a type of
a. in-kind transfer. b. minimum wage law. c. private charity. d. welfare payment.
Economics