High-wage workers are
A. more likely than low-wage workers to supply more labor when the wage rate rises.
B. about as likely as low-wage workers to supply more labor when the wage rate rises.
C. less likely than low-wage workers to supply more labor when the wage rate rises.
D. about as likely as low-wages workers to supply less labor when the wage rate rises.
Answer: C
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In monopolistic competition, each firm supplies a small part of the market. This occurs because
A) there are barriers to entry. B) there are no barriers to exit. C) there is a large number of firms. D) firms produce differentiated products. E) there is a large number of buyers.
Which of the following leads to a decrease in real GDP?
A) an increase in interest rates B) an increase in government spending C) an increase in the inflation rate in other countries, relative to the inflation in the United States D) Households have increasingly optimistic expectations about future income.
Explain the motives of developed countries in providing foreign aid
What will be an ideal response?
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of marketing assets. c. Foreign purchases of Nation A's Treasury bills. d. All the above.