leisure as a normal good

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• Nina is able to select her weekly work hours.

  As it is given that the income and leisure are normal goods, it means that both can be increased to a great extent (Standing, 2005).

• The social discount rate

  * Leisure is defined here as every hour not at your paid job, even if it is spent with your mother-in-law. Leisure has been generally assumed to be a normal good.

• supply of labour and increasing retirement age

  Assuming leisure is normal good, (i.e., the higher the income the more leisure is spent) those 61-year-old women who used to receive age pension will now have to "consume" less leisure and supply more labour.

• Cartels and price wars

  Because leisure is a normal good, an increase in income a. decreases the demand for leisure time and reduces the amount of time allocated to market work b. decreases the demand for leisure time and increases the amount of time allocated to market work

• Life stressors and their emotional impact

  The notion that if coping strategies are classified as problem or emotion focused, then leisure may operate as a form of emotion focused coping where the motives for engaging in leisure activities have stress reducing properties (Trenberth, 2005).

• Envelope Theorem

  Show that if leisure is an inferior good, then the labour supply function is upward-sloping.

• Market efficiency and moral hazards

  Assuming leisure is a normal good, the higher wage suggests that people will consume more leisure and work less. 4. This question is asking about externalities.

• Wage Rate and other economic questions

  Explanation: As wages rise, income rises. Because leisure is a normal good, people desire more leisure. Therefore, they work fewer hours. Answer 4: b. above the quantity demanded.

• Theories relating to boredom leisure

  Boredom, therefore, is a personal "belief" or an "attitude", as different from being a "behavior", such as participation into a leisure activity.