Solved

The Supply Curve of Labor Becomes Backward Bending When

Question 81

Multiple Choice

The supply curve of labor becomes backward bending when


A) higher wages induce people to work more hours
B) higher wages induce more people to work
C) the opportunity cost of working is lowered
D) increases in wages reduce the amount of labor supplied
E) new employment opportunities cause the supply curve to shift to the right

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit O-9,

Q77: Which of the following will decrease the

Q78: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit O-10,

Q79: When diminishing returns are present,<br>A) total output

Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit O-1,

Q82: Jewelry workers and maintenance workers both get

Q83: When the quantity demanded of labor exceeds

Q84: If MRP > MLC, the firm<br>A) is

Q85: If the wage is fixed at $8

Q86: If MRP < MLC, the firm<br>A) is