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

Author Question: Adoption of a guaranteed annual income with benefits (B) given by B = 20,000 -.5 (earnings) would be ... (Read 90 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
Adoption of a guaranteed annual income with benefits (B) given by B = 20,000 -.5 (earnings) would be expected to reduce work effort by low wage workers because:
 a. the income effect would outweigh the substitution effect of the plan.
  b. the substitution effect would outweigh the income effect of the plan.
  c. both substitution and income effects would operate to reduce work effort.
  d. the plan would make working financially unattractive.

Question 2

Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because
 a. only more reckless drivers will accept the device
  b. drivers will want to drive more carefully now
  c. drivers will believe they can now drive more recklessly
  d. it does not affect care in driving


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Expected Benefits for ICD-10-CM Expected Benefits for ICD-10-CM
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library