Q624
Which of the following statements are true/false? 1. Consumption goods include all the goods that can be purchased with the income that an individual earns from working. 2. The individual is limited to twenty hours per day for work. 3. Leisure goods are the goods that individuals consume when they are not working. 4. The individual's income from work is limited by the market wage that individual receives for his or her labour skills.
A.
1, 4 are true and 2, 3 are false
B.
1, 3, 4 are true and 2 is false
AnswerC.
2, 4 are true and 1, 3 are false
D.
3, 4 are true and 2, 1 are false
Answer: Option B
Solution
Answer: Option B
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