This topic contains a solution. Click here to go to the answer

Author Question: If the substitution effect is always greater than the income effect, then an individual's labor ... (Read 97 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
If the substitution effect is always greater than the income effect, then an individual's labor supply curve will
 a. bend backward
  b. always have a positive slope
  c. always have a negative slope
  d. be vertical
  e. be horizontal

Question 2

If the fraction of the population that is below the official poverty level has decreased, then
 a. the number of poor must have increased
  b. the number of poor must have decreased
  c. the population must have increased
  d. the number of poor may have increased or decreased
  e. the number of people above the official poverty level must have increased



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
Answer to Question 1

B

Answer to Question 2

D




Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jun 30, 2018
:D TYSM


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

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?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library