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Author Question: An unexpected increase in wealth or nonlabor income leads to (Read 110 times)

burton19126

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Question 1

An unexpected increase in nonlabor income will have ________ effect on a household's leisure.


◦ a negative
◦ an uncertain
◦ a positive
◦ no

Question 2

An unexpected increase in wealth or nonlabor income leads to


◦ an uncertain effect on labor supply.
◦ an increase in labor supply.
◦ a decrease in labor supply.
◦ a zero effect on labor supply.


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Marked as best answer by burton19126 on Apr 19, 2019

poopface

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burton19126

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poopface

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