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Which of the followingstatements is true as it relates to labor/leisure trade-off? It is necessary to considerthe resources necessary for production with a labor/leisure trade-off.

Which of the followingstatements is true as it relates to labor/leisure trade-off?

It is necessary to considerthe resources necessary for production with a labor/leisure trade-off.

If someone works a lot it can be assumed they have a lot of leisure time too.

It is the comparison of time spent working to time spent participating in non-work activities.

Everyone has the same labor/leisure trade-off.

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