4 INQUIZITIVE Chapter 1: Five Foundations of Economics e 11, 14-15 1.2. What are five foundations of economics? Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage. Fill in the blanks to complete the passage describing Eleanor's situation. Drag word(s) below to fill in the blank(s) in the passage. The increased hourly wage acts as to work hours. The wage increase causes the opportunity cost of reading to fewer decrease increase a negative incentive a trade-off more an indirect incentive a direct incentive 73°F here to search 99+

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
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A INQUIZITIVE
Chapter 1: Five Foundations of Economics
e 11, 14-15
1.2. What are five foundations of economics?
Eleanor works at a department store and is paid by the hour. She can work as many hours as she
wants each week. When not at work, Eleanor likes to spend her time reading. The store recently
increased her hourly wage.
Fill in the blanks to complete the passage describing Eleanor's situation.
Drag word(s) below to fill in the blank(s) in the passage.
The increased hourly wage acts as
to work
hours. The wage increase causes the
opportunity cost of reading to
fewer
decrease
increase
a negative incentive
a trade-off
more
an indirect incentive
a direct incentive
73°F
ype here to search
99+
Transcribed Image Text:A INQUIZITIVE Chapter 1: Five Foundations of Economics e 11, 14-15 1.2. What are five foundations of economics? Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage. Fill in the blanks to complete the passage describing Eleanor's situation. Drag word(s) below to fill in the blank(s) in the passage. The increased hourly wage acts as to work hours. The wage increase causes the opportunity cost of reading to fewer decrease increase a negative incentive a trade-off more an indirect incentive a direct incentive 73°F ype here to search 99+
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When talking about foundation of economics, there are some primary economic concept that can be seen in making any type of exchange in the market such as inventive, opportunity cost, trade-off, and so on.

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