Author Question: The income effect means that at a high enough wage rate labor supply curve has a A) positive ... (Read 57 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
The income effect means that at a high enough wage rate labor supply curve has a
 
  A) positive slope because an increase in the wage rate increases income.
  B) positive slope because an increase in income increases the demand for leisure.
  C) negative slope because an increase in income increases the demand for leisure.
  D) negative slope because an increase in the wage rate increases hours worked to earn more income.

Question 2

A net borrower country must also be a debtor nation.
 
  Indicate whether the statement is true or false



CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

C

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library