Author Question: For a typical person who is currently earning a low wage rate, the a. substitution effect of a wage ... (Read 99 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
For a typical person who is currently earning a low wage rate, the
 a. substitution effect of a wage rate increase usually is stronger than the income effect
  b. substitution effect of a wage rate increase usually is weaker than the income effect
  c. income effect of a wage rate increase is usually zero
  d. substitution effect of a wage rate increase is usually zero
  e. substitution and income effects of a wage rate increase tend to work in the same direction

Question 2

Which of the following groups has experienced the greatest decrease in poverty rates since 1959?
 a. the elderly
  b. children
  c. people 18 to 64 years old
  d. women
  e. none of the above (i.e., all of these groups have had higher poverty rates)



debra928

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library