Assume Leisure Is a Normal Good

question 87

Multiple Choice

Assume leisure is a normal good. The substitution effect of a wage increase implies a ________ demand for leisure and a ________ labor supply.

• A) lower; higher
• B) higher; lower
• C) higher; higher
• D) lower; lower

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Definitions:

Mesencephalon

Midbrain in both the embryo and adult; consists of the cerebral peduncle and the corpora quadrigemini.

Diencephalon

Second portion of the embryonic brain; in the inferior core of the adult cerebrum.

Neural Crest Cells

Embryonic cells that give rise to a diverse cell lineage including melanocytes, craniofacial cartilage and bone, and peripheral and enteric neurons and glia.

Telencephalon

Anterior division of the embryonic brain from which the cerebral hemispheres develop.