Question

multiple select question
select all that apply
when we choose to work less than our grandparents did and, in exchange, spend more quality time with family and friends, it means that (more than one answer may be correct.)
□ the opportunity - cost of forgone earnings is lower than our grandparents.
□ we tend to work harder early on and then reduce the amount we work as time passes.
□ we emphasize leisure over specified earnings.
□ we are living in a society that is better off than our grandparents generation
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Explanation:

When we choose to work less and spend more time with family and friends, we are valuing leisure over higher - specified earnings. The opportunity cost of forgone earnings is the value of what we give up by not working more. Just because we work less doesn't mean the opportunity cost is lower compared to grandparents (it depends on various factors like wage rates in different eras). There is no indication that we work harder early on and then reduce work. Also, choosing to work less doesn't necessarily mean we are in a better - off society; it's about personal preference for leisure.

Answer:

C. we emphasize leisure over specified earnings