Multiple Choice
The opportunity cost of leisure will fall if
A) the wage rate increases.
B) the wage rate decreases.
C) nonlabor income decreases.
D) nonlabor income increases.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q57: The multiplier reaches its peak about _
Q58: Because many events cannot be foreseen, investment
Q59: Investment is a very stable component of
Q60: Permanent income is<br>A) current income.<br>B) expected future
Q61: A medical student is likely to consume
Q63: A decrease in consumption and an increase
Q64: The path of income over a lifetime
Q65: A graduate student is likely to consume
Q66: Provided that firms have sufficient capital and
Q67: Suppose that the value of the multiplier