The substitution effect of a wage increase is observed when .
a. leisure's higher opportunity...
The substitution effect of a wage increase is observed when .
a. leisure's higher opportunity cost causes workers to take more leisure and work less.
b. leisure's higher opportunity cost causes workers to take less leisure and work more.
c. the higher wage income causes workers to take more leisure and work more.
d. the higher wage income causes workers to take more leisure and work less.
Answers: 2
Business, 22.06.2019 00:00
Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.
Answers: 2
Business, 22.06.2019 20:10
With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
Answers: 1
Business, 23.06.2019 03:00
Predict how the price of athletic shorts would change if schools banned their use
Answers: 2
Physics, 06.10.2019 02:10
Mathematics, 06.10.2019 02:10
World Languages, 06.10.2019 02:10
Mathematics, 06.10.2019 02:10
Mathematics, 06.10.2019 02:10
Mathematics, 06.10.2019 02:10
Health, 06.10.2019 02:10
Health, 06.10.2019 02:10
Mathematics, 06.10.2019 02:10
English, 06.10.2019 02:10
History, 06.10.2019 02:10
Physics, 06.10.2019 02:10
Computers and Technology, 06.10.2019 02:10