A Consumer Has Preferences Over Consumption and Leisure, Both of Which

question 138

Multiple Choice

A consumer has preferences over consumption and leisure, both of which are normal goods. When the wage decreases, the consumer chooses to consume less leisure. For this consumer the labor supply curve will

• A)slope upward.
• B)slope backward.
• C)be horizontal.
• D)be vertical.

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Definitions:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Sensory Nerves

Nerves that transmit sensory information from the body to the central nervous system.

Special Receptors

Special receptors are specialized cells or nerve endings that respond to changes in the environment, such as light, sound, touch, or chemicals, and convert them into electrical signals for the nervous system.

Affective Neuroscientists

Specialists who study the neural mechanisms of emotion, how the brain processes feelings and emotional responses.