Author Question: At a low wage rate, a. there is no substitution effect b. there is no income effect c. the ... (Read 88 times)

leo leo · **on:** Jun 30, 2018

At a low wage rate,
a. there is no substitution effect
b. there is no income effect
c. the substitution effect usually outweighs the income effect
d. the income effect usually outweighs the substitution effect
e. the disutility of market work is usually high

Question 2

In the U.S., the poverty rate is lowest among young families with a head of household under 25.
a. True
b. False