True/False
If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q195: If men's preferences for work change such
Q196: Suppose that a rare virus infects and
Q197: The value of the marginal product of
Q198: Labor supply curves are always upward sloping.
Q199: Suppose an influenza pandemic were to significantly
Q201: Suppose that eight workers can manufacture 63
Q202: Figure 18-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 18-7
Q203: Consider the market for capital equipment. Suppose
Q204: The wage is to the labor market
Q205: How does increased immigration affect the labor