The time allocation budget line shows an individual's _____ and the income that allows consumption of marketed goods.
A) preferences for leisure
B) trade-offs between the consumption of leisure
C) labour supply for the consumption of leisure
D) indifference between the consumption of leisure

Question

Quizplus · Accepted Answer

The time allocation budget line represents the trade-offs between the consumption of leisure and the consumption of marketed goods. It shows the maximum amount of marketed goods that can be purchased with a given amount of income, taking into account the individual's preferences for leisure.

The Time Allocation Budget Line Shows an Individual's _____ and the Income