Author Question: Along a backward-bending labor supply curve, the a. income effect always dominates the substitution ... (Read 130 times)

wenmo · **on:** Jun 30, 2018

Along a backward-bending labor supply curve, the
a. income effect always dominates the substitution effect
b. substitution effect always dominates the income effect
c. substitution effect is always equal to the income effect
d. substitution effect dominates the income effect at high wage rates
e. substitution effect dominates the income effect at low wage rates

Question 2

The U.S. poverty rate is higher among households headed by black married couples than those headed by white females.
a. True
b. False