A Large Inheritance from a Relative Will Tend to

question 72

Multiple Choice

A large inheritance from a relative will tend to

• A)cause movement up and to the right along your labor supply curve
• B)cause movement down and to the left along your labor supply curve
• C)shift your labor supply curve outward
• D)shift your labor supply curve inward
• E)make the income effect of a wage increase positive

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Definitions:

Perfectionistic

A personality trait characterized by striving for flawlessness and setting excessively high performance standards.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a preoccupation with orderliness, perfectionism, and control, at the expense of flexibility and efficiency.

Obsessions

Uncontrollable, persistent thoughts, images, ideas, or impulses that an individual feels intrude on his or her consciousness and that cause significant anxiety or distress.

Compulsions

Repetitive behaviors or mental acts that an individual feels he or she must perform.