The _______ Effect Means That, Other Things Remaining the Same

question 5

Multiple Choice

The _______ effect means that, other things remaining the same, the higher the wage rate, the less time people will spend working and the more time people will spend at leisure.

• A) price
• B) labour
• C) substitution
• D) income

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Definitions:

Great Pyramid

Also known as the Pyramid of Khufu or Cheops, it is the oldest and largest of the three pyramids in the Giza pyramid complex in Egypt.

Gizeh

An archaeological site on the outskirts of Cairo, Egypt, known for the Great Pyramid and the Great Sphinx, dating back to the ancient Old Kingdom.

Interior

Pertaining to the inside or inner part of something, often referring to the design and arrangement of the inside space of buildings or rooms.

Clerestory

The fenestrated part of a building that rises above the roofs of the other parts. The oldest known clerestories are Egyptian. In Roman basilicas and medieval churches, clerestories are the windows that form the nave’s uppermost level below the timber ceiling or the vaults.