This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When an individual's wage rises, the substitution effect tends to: a. increase hours worked. b. ... (Read 42 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jul 1, 2018
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. an impossible prediction about what will happen to hours worked.

Question 2

An example of moral hazard is
 a. people drive as carefully in icy conditions with antilock brakes as without
  b. people drive less safely with more airbags as without
  c. football players avoid 'spearing' with their heads even with safer helmets
  d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


CBme

  • Member
  • Posts: 548
Reply 2 on: Jul 1, 2018
Wow, this really help

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Effect of Stress on Immune Function Effect of Stress on Immune Function
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
The Increase in Divorce The Increase in Divorce
Effect of dietary fats on high- and low-density cholesterol levels Effect of dietary fats on high- and low-density cholesterol levels
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG
Video: Genetics of Cancer

For a complete list of videos, visit our video library