Fiona's Hourly Wage Increases from $8 to $10

question 349

Multiple Choice

Fiona's hourly wage increases from $8 to $10. Which of the following describes a consequence of the increase in Fiona's wage?

• A)The opportunity cost of Fiona's leisure time has decreased.
• B)Fiona may choose to work fewer hours due to the increase in her wage.
• C)If Fiona's labor supply curve is upward sloping, she will choose to work fewer hours.
• D)Both a and b are correct.

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Definitions:

Low-Context Cultures

Cultures that emphasize communication via spoken or written words.

Communication

The process of transferring information, ideas, or feelings between individuals or groups to achieve understanding or share meaning.

Spoken Words

Oral forms of communication or expression, involving speech or verbal language used to convey thoughts, information, or feelings.

Cultural Intelligence

The capability to function effectively across national, ethnic, and organizational cultures.