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Microeconomics

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Labor Supply Model: Sometimes I Do Not Feel Like Doing Anything

MICRO-NDKTXY

In the neoclassical model of labor supply, workers choose to allocate their time between labor and leisure. Every activity can be categorized as being part of labor or leisure.

Which of the following activities would count as leisure in the model? Select ALL that apply.

A

Sleeping.

B

Taking care of your neighbor's children as a favor.

C

Cleaning your house.

D

Cleaning someone else's house as a paid maid.

E

Going on vacation.

F

Going on vacation for cheap by taking tips to carry other peoples' luggage.

G

Fixing the fence in your back yard.