This topic contains a solution. Click here to go to the answer

Author Question: When an individual's wage rises, the substitution effect tends to a. increase hours worked. b. ... (Read 83 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
When an individual's wage rises, the substitution effect tends to
 a. increase hours worked.
  b. decrease hours worked.
  c. leave hours worked unchanged.
  d. it is impossible to predict what will happen to hours worked.

Question 2

In the study of labor supply, leisure refers to
 a. time spent sleeping.
  b. time spent doing absolutely nothing (except breathing).
  c. time spent in one's place of residence.
  d. time spent that is not spent in market work.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

a

Answer to Question 2

d




Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

For a complete list of videos, visit our video library