Does an Upward-Sloping Labor-Supply Curve Mean That People Respond to a Decrease

question 223

Essay

Does an upward-sloping labor-supply curve mean that people respond to a decrease in the wage by enjoying more leisure or less leisure?

---

Definitions:

Full Bench

A full bench refers to the situation when all the judges of a court sit together to hear a case, usually reserved for matters of great significance or complexity.

United States Supreme Court

The highest federal court in the United States, established pursuant to Article III of the U.S. Constitution, with ultimate appellate jurisdiction over all federal and state court cases involving matters of federal law.

Justices

Judges of the highest courts, particularly those within a country's supreme court, responsible for interpreting the law.

Choice-of-Law Clause

A provision in a contract that specifies which jurisdiction's laws will be applied to interpret the contract.