Multiple Choice
An increase in the wage from $6 per hour to $6.50 per hour causes a worker to increase her hours worked from 40 to 45 hours per week.For this worker,which effect dominates?
A) Substitution
B) Income
C) Wage
D) Wealth
E) Leisure
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q100: Minimum housing standards prevent any property deterioration
Q101: All U.S.workers are covered under the U.S.minimum
Q102: Which of the following is true of
Q103: The U.S.minimum wage did not change throughout
Q104: The minimum wage in 2008 was approximately
Q106: A price ceiling must be set above
Q107: Given that a firm is selling its
Q108: If a worker works more as the
Q109: Rent control laws may lead to which
Q110: In the short-run,who "wins" from rent control