Multiple Choice
When households consume more leisure time as a results of a transfer program,they reduce their labor supply,and the transfer is said to __________.Theoretically this decrease in labor supply could cause wages to ___________.
A) Crowd out labor income; decrease
B) Crowd out non-labor income; increase
C) Crowd out labor income; increase
D) Crowd out non-labor increase; decrease
Correct Answer:

Verified
Correct Answer:
Verified
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