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

Author Question: If the substitution effect is always greater than the income effect, then an individual's labor ... (Read 51 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


Arii_bell

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

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Effect of Atmospheric Stability Effect of Atmospheric Stability
Effect of cooperative substrate binding on enzyme kinetics Effect of cooperative substrate binding on enzyme kinetics
The impact of climate change is greater in some areas than in others The impact of climate change is greater in some areas than in others
The Effect of Using a Ratio Scale The Effect of Using a Ratio Scale
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library