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nonmarket work
refers to time spent getting an education or on do- it- yourself production for personal consumption.
Nonmarket work
________ includes time spent washing laundry, preparing a meal, or cleaning up after yourself.
Nonmarket labor
________ also includes time spent learning new skills and expanding your knowledge to increase your productivity.
market wage
The ________ is determined by both labor demand and labor supply, just as both blades of scissors contribute equally to cutting paper.
Nonmarket labor
________ includes either directly producing products and services, such as creating your own, or indirectly producing goods and services.
Leisure
refers to the time spent on non-work activities
Note 
Flashcard (40)