A critical component of supply-side economics is that
a. there is no wage that is so low that someone will not be willing to work for it.
b. as the wage gets higher, workers choose significantly less leisure.
c. labor supply is inelastic.
d. as the wage gets higher, workers are richer and choose more leisure.
Question 2
Like the contemporary forms of transportationairpl anes, automobiles and trucksrailroads shifted from being perceived as a private luxury to a public necessity.
Indicate whether the statement is true or false
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