At a low wage rate, a. there is no substitution effect b. there ...

[leo leo]

At a low wage rate,
 a. there is no substitution effect
  b. there is no income effect
  c. the substitution effect usually outweighs the income effect
  d. the income effect usually outweighs the substitution effect
  e. the disutility of market work is usually high

Question 2

In the U.S., the poverty rate is lowest among young families with a head of household under 25.
 a. True
  b. False

[pocatato]

Answer to Question 1

C

Answer to Question 2

B

[leo leo]

Thanks for the timely response, appreciate it

[bbburns21]

Great answer, keep it coming