Essay
While reading the local newspaper you notice an article about a man who won a sizable prize in the state lottery.This prize amounts to monthly payments for the rest of the man's lifetime.The man is quoted as saying, "As soon as I receive that first lottery payment, I will only work when I want to, rather than because I have to." How would an economist explain what has happened to this man's labor supply curve?
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It sounds like the man's labor supply cu...View Answer
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Correct Answer:
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