Which of the Following Statements Is Correct? an Individual Worker's

question 106

Multiple Choice

Which of the following statements is correct? An individual worker's labor supply curve

• A)can never be backward sloping.
• B)slopes backward if that person responds to a higher wage by taking fewer hours of leisure per week.
• C)slopes backward if that person responds to a higher opportunity cost of leisure by working fewer hours per week.
• D)slopes upward if that person works the same number of hours per week, regardless of the opportunity cost of leisure.

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Definitions:

Constituency

A group of people represented by an elected official or body, or a specific demographic group that shares common interests.

Tactically

Pertaining to the use of tactics or strategies to achieve a specific goal or advantage, often with careful planning and execution.

Support

Assistance or encouragement provided to someone or something.

Bargaining Position

The relative standing or leverage of a negotiator in a negotiation, influenced by factors like information, power, or strategic advantages.