Author Question: If a person's labor supply curve is positively sloped, the income effect outweighs the substitution ... (Read 72 times)

penza · **on:** Jun 30, 2018

If a person's labor supply curve is positively sloped, the income effect outweighs the substitution effect.
a. True
b. False

Question 2

In order for Mary to qualify for benefits under a means-tested transfer payment program,
a. she must have worked and contributed to the program
b. she must be able to repay the cash transfer at a later date
c. the head of her household must be able to hold a job
d. she must be totally disabled
e. her household's income and/or assets must fall below a certain level