If a Worker Responds to an Increase in the Opportunity

question 217

Multiple Choice

If a worker responds to an increase in the opportunity cost of leisure by taking less leisure, then his labor supply curve is

• A)horizontal.
• B)vertical.
• C)backward sloping.
• D)upward sloping.

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Definitions:

Neural Activity

The electrical and chemical processes that occur within neurons, enabling them to communicate with each other.

Moon Phase

The appearance of the illuminated portion of the moon as seen from Earth, which changes in a cyclical pattern.

Time Duration

The interval between the beginning and the end of an event, process, or activity.

Consciousness

The quality or state of being aware of an external object or something within oneself.