Author Question: A stock market crash that reduces the value of an individual's trust fund would tend to a. increase ... (Read 20 times)

karen · **on:** Jun 30, 2018

A stock market crash that reduces the value of an individual's trust fund would tend to
a. increase her supply of labor if the substitution effect outweighs the income effect
b. decrease her supply of labor if the substitution effect outweighs the income effect
c. have no impact on her labor supply decision
d. increase her supply of labor
e. decrease her supply of labor

Question 2

One effect of the work requirements of welfare reform has been
a. to make the demand curve for welfare upward sloping
b. to lower the price of welfare to recipients
c. to make the supply curve of welfare upward sloping
d. to reduce the amount of hassle involved with going on welfare
e. to raise the price of welfare to the recipients