In the Neo-Classical Model of Labour Supply, Which of the Following

question 6

Multiple Choice

In the neo-classical model of labour supply, which of the following is always true?

• A) If leisure is a normal good, a wage increase causes a decrease in hours worked.
• B) If leisure is a normal good, a wage increase causes an increase in hours worked.
• C) The substitution effect causes the worker to work more hours if wages increase.
• D) The income effect causes the worker to work more hours if wage increase.
• E) The income effect and the substitution effect work in the same direction.

---

Definitions:

Machine Learning

A subset of artificial intelligence involving the development of algorithms and statistical models that enable computers to perform tasks without being explicitly programmed.

Types of Research

Refers to the various methodologies and approaches used for academic, scientific, or market study, including qualitative and quantitative research.

Research Objectives

Specific goals that a study or investigation aims to achieve, guiding the research process.

Blog Mining

the process of analyzing blog content to extract insights, trends, and patterns for applications in market research, sentiment analysis, and customer feedback.