A Backward-Bending Supply Curve of Labor Shows That at Relatively

question 151

Multiple Choice

A backward-bending supply curve of labor shows that at relatively low wages the:

• A) income effect dominates the substitution effect, and the supply curve has a positive slope.
• B) income effect dominates the substitution effect, and the supply curve has a negative slope.
• C) substitution effect dominates the income effect, and the supply curve has a positive slope.
• D) substitution effect dominates the income effect, and the supply curve has a negative slope.

---

Definitions:

Biological Parents

The individuals from whom a child inherits their genetic traits, typically referred to as the child's natural or birth parents.

Adopted Parents

Individuals who legally assume the role of parent for a child who is not their biological offspring, establishing a permanent parent-child relationship.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality into fantasy and delusion, and a sense of mental fragmentation.

Dissociative Disorder

A mental health condition that involves experiencing a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.