You win the million-dollar lottery and decide to quit working. how can you explain this decision using economics? choose one or more: a. the substitution effect now governs your behavior as you demand more leisure. b. the substitution effect now governs your behavior as you demand less leisure. c. the income effect now governs your behavior as you supply more labor. d. the opportunity cost of leisure goes up. e. the opportunity cost of leisure goes down. f. the income effect now governs your behavior as you demand more leisure.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Asolar eclipse occurs when the moon gets between earth and the sun, and the moon casts a shadow over earth. a solar eclipse can only take place at the phase of new moon, when the moon passes directly between the sun and earth and its shadows fall upon earth's surface.