« previous next »

Author Question: For an individual's supply curve of labor to be backward bending: a. the substitution effect must ... (Read 93 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
For an individual's supply curve of labor to be backward bending:
 a. the substitution effect must be greater than the income effect.
  b. the substitution effect must be equal to the income effect.
  c. the substitution effect must be less than the income effect.
  d. is an impossibility.

Question 2

U.S. Steel considers the iron ore market thin because of:
 a. the availability of wide range of ore producers.
  b. the scarcity of alternative ore suppliers.
  c. the volatility of ore prices.
  d. the low deliverability risks.


ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Thorndike’s Puzzle Box and the Law of Effect (1 of 2) Thorndike’s Puzzle Box and the Law of Effect (1 of 2)
The Flynn Effect The Flynn Effect
First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ... First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ...
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library