Multiple Choice
The phenomenon of the backward-bending market supply curve for labor
A) indicates the declining quality of labor as unemployment decreases.
B) reflects the policy of labor unions.
C) results from falling worker productivity as income increases.
D) results from workers' increased preference for work as wage rates rise.
E) indicates a worker's desire to buy more leisure as income rises.
Correct Answer:
Verified
Correct Answer:
Verified
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