Which of the Following Examples Would Illustrate a Backward-Sloping Labor

question 36

Multiple Choice

Which of the following examples would illustrate a backward-sloping labor supply-curve?

• A)An increase in a person's wages results in the person working fewer hours per week.
• B)A decrease in a person's wages results in the person working more hours per week.
• C)An increase in a person's wages results in the person working more hours per week.
• D)Both a and b are correct.

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Definitions:

Abstract Thinking

The capability to understand concepts that are real, such as freedom or love, which are not directly tied to concrete physical reality.

Logical Thinking

The process of reasoning that involves clear, consistent, and systematic steps to arrive at a conclusion.

Ideal Circumstances

Conditions that are considered perfect or most favorable for a particular situation or event.

Cognitive Development

The process through which a child's ability to think, understand, and learn evolves over time.