The Substitution Effect on Labour Supply Refers to the Degree

Multiple Choice

The substitution effect on labour supply refers to the degree to which

A) the firm can substitute other factors of production for labour.
B) buyers can substitute other products for the products that are made by organized labour.
C) a firm is willing to substitute nonlabour income for wages.
D) workers prefer to substitute nonmonetary payments for money wages.
E) a worker is willing to substitute work for leisure.