Multiple Choice
Which one of the following regarding to an individual's budget constraint is correct?
A) The slope of the budget constraint is determined by the reservation wage rate
B) The slope of the budget constraint is higher for a full-time worker than for a part-time worker.
C) The slope of the budget constraint is determined by the market wage rate.
D) The level of non-labour income is higher for a part-time worker than for a full-time worker
E) The level of non-labour income determines the intercept of the budget constraint.
Correct Answer:
Verified
Correct Answer:
Verified
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