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. The available evidence does not indicate how high-wage workers and low-wage workers differ in responding to changes in the wage rate.
c
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Output price changes cause substitution effects and scale effects. ?
Answer the following statement true (T) or false (F)
Because elephants roam freely in many countries in Africa, each individual African elephant poacher has
a. a strong incentive to kill as many elephants as he can find. b. a strong incentive to protect the elephants. c. the ability to save the elephants. d. None of the above is correct.
In the early years of the Great Depression, 1929-1933:
A. two-thirds of U.S. banks failed. B. more than a third of all U.S. banks failed. C. a little less than one-quarter of U.S. banks failed. D. over one half of all U.S. banks failed.
Between 2006 and 2009, our current account deficit.
A. increased B. decreased C. stayed the same.