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Author Question: As the wage rate falls, a utility-maximizing individual's quantity of labor supplied a. increases ... (Read 33 times)

clmills979

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on: Jun 30, 2018
As the wage rate falls, a utility-maximizing individual's quantity of labor supplied
 a. increases
  b. decreases
  c. increases if the income effect outweighs the substitution effect
  d. decreases if the substitution effect outweighs the income effect
  e. decreases if the income effect outweighs the substitution effect

Question 2

The decline of the poverty rate for the elderly can be attributed to
 a. Temporary Assistance for Need Families (TANF)
  b. tax increases
  c. Medicaid
  d. the political power of the elderly
  e. increased resource earnings


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kardosa007

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


clmills979

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Reply #2 on: Jun 30, 2018
Correct answers!


kardosa007

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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