By itself, the substitution effect of an increase in the wage ...

[waynest]

By itself, the substitution effect of an increase in the wage rate will
 a. always lead to an increase in the quantity of labor supplied
  b. always lead to a decrease in the quantity of labor supplied
  c. lead to an increase in the quantity of labor supplied only if leisure is like a normal good
  d. lead to an increase in the quantity of labor supplied only if leisure is not a normal good
  e. lead to an increase in the quantity of labor supplied only if the income effect works in the same direction

Question 2

Which of the following is not means-tested?
 a. Temporary Assistance for Needy Families (TANF)
  b. welfare programs
  c. the Food Stamp program
  d. Social Security payments to a retiree
  e. free and reduced price school lunches for the poor

[morrie123456]

Answer to Question 1

A

Answer to Question 2

D

[waynest]

Thanks for the timely response, appreciate it

[kishoreddi]

Excellent