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Author Question: By itself, the substitution effect of an increase in the wage rate will a. always lead to an ... (Read 76 times)

waynest

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By itself, the substitution effect of an increase in the wage rate will
 a. always lead to an increase in the quantity of labor supplied
  b. always lead to a decrease in the quantity of labor supplied
  c. lead to an increase in the quantity of labor supplied only if leisure is like a normal good
  d. lead to an increase in the quantity of labor supplied only if leisure is not a normal good
  e. lead to an increase in the quantity of labor supplied only if the income effect works in the same direction

Question 2

Which of the following is not means-tested?
 a. Temporary Assistance for Needy Families (TANF)
  b. welfare programs
  c. the Food Stamp program
  d. Social Security payments to a retiree
  e. free and reduced price school lunches for the poor



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morrie123456

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Answer to Question 1

A

Answer to Question 2

D




waynest

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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