Which of the Following Statements Is Not Correct

question 48

Multiple Choice

Which of the following statements is not correct?

• A)If Zehra gets a lower wage and works less, the substitution effect is greater than the income effect.
• B)If Justin experiences a wage decrease and works less, the income effect is greater than the substitution effect.
• C)If the substitution effect is greater than the income effect, the labor-supply curve is upward sloping.
• D)If the income effect is greater than the substitution effect, the labor-supply curve is downward sloping.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.

Swiss Biologist

A scientist from Switzerland specializing in the study of living organisms and their interactions with each other and their environments.

Jean Piaget

A Swiss psychologist renowned for his work in child development and his theory of cognitive development that explains how children construct a mental model of the world.

Reproductive Advantages

Biological or behavioral traits that increase the likelihood of an organism's genes being passed on to subsequent generations.