When an individual's income goes up, that individual may choose to supply less labor, resulting in a backward-sloping labor supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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The reserve ratio is 10 percent. If the bank receives a customer deposit of $100,000, then an immediate effect is
A) a reduction in the bank's total assets of exactly $10,000. B) no change in the bank's total assets or total liabilities. C) a reduction in the bank's total liabilities of exactly $10,000. D) an increase in the bank's reserves of exactly $10,000.
Which is larger: The price elasticity of demand for food or the price elasticity of demand for oranges? Why?
What will be an ideal response?
Use a long-run average cost curve graph to illustrate how diseconomies of scale would not make it beneficial for two companies to go through with a merger
What will be an ideal response?
Two antitrust acts actively used by the U.S. government to prevent monopoly power in markets are the ______________ and the ___________________.
A. Sherman Antitrust Act; Clayton Act B. Bergman Antitrust Act; Clayton Act C. Sherman Antitrust Act; Stapleton Act D. Bergman Antitrust Act; Stapleton Act