If a Worker Responds to an Increase in the Opportunity

question 220

Multiple Choice

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

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

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Definitions:

Uninsured Workers

Workers who do not have insurance coverage, particularly health insurance, provided by their employer or have not purchased it privately.

GDP Spent

The portion of the Gross Domestic Product that is used for expenditure, including consumption, investment, government spending, and net exports.

Health Care

A broad term encompassing all services, systems, or products related to maintaining or improving an individual’s health, including prevention, diagnosis, treatment, and recovery.