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Author Question: The individual supply curve of labor is backward bending because the substitution effect offsets the ... (Read 97 times)

faduma

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on: Jun 30, 2018
The individual supply curve of labor is backward bending because the substitution effect offsets the income effect at higher wage rates.
 a. True
  b. False

Question 2

The qualifying income level for Medicaid
 a. is 10,000
  b. is 14,000
  c. is set separately by each state
  d. is set yearly by the Bureau of the Census
  e. varies inversely with the number of children in the family


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Chelseyj.hasty

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


faduma

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  • Posts: 528
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

at

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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