The substitution effect of a wage increase: a. results in an ...

[j.rubin]

The substitution effect of a wage increase:
 a. results in an increase in the quantity of labor supplied.
  b. results in a decrease in the quantity of labor supplied.
  c. has no impact on the quantity of labor supplied.
 d. results in an increase in the quantity of leisure enjoyed.

Question 2

A company X is unlikely to disclose its organizational chart to its competitor company Y to prevent leak of important strategic information about itself.
  Indicate whether the statement is true or false

[scrocafella]

Answer to Question 1

a

Answer to Question 2

T