The substitution effect measures
A) the responses of quantities to changes in the relative prices of goods.
B) the responses of relative prices to changes in the demand for goods.
C) how two goods can be used for the same purpose.
D) the responses of quantities to changes in the relative qualities of goods.
Question 2
The intertemporal substitution of leisure effect is used to justify the assumption that current labor supply increases when the
A) current real wage increases.
B) current real wage decreases.
C) real interest rate increases.
D) real interest rate decreases.
The Coriolis effect and wind direction.
Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Effect of changing a set point for hypothalamic values
Habituation to the Aversive Effect of the Odor of Pups
The Orographic Effect
Effect of increasing temperature or lowering deltGo+ on the rates of reactions