The Decrease in the Quantity of Labor Supplied Due to the Greater

question 17

Multiple Choice

The decrease in the quantity of labor supplied due to the greater demand for leisure caused by a higher income is called the:

• A)income effect.
• B)price effect.
• C)substitution effect.
• D)labor effect.

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Definitions:

Simple Reflexes

Basic, automatic motor responses to specific stimuli, present from birth, illustrating the foundational aspects of human neurology.

Sensorimotor Thought

The first stage in Piaget's theory of cognitive development, where infants understand the world through their sensory experiences and motor actions.

Tertiary Circular Reactions

Repeated experimental behaviors in infants aged 12 to 18 months, part of their cognitive development, showing purposeful adaptation to new situations.

Primary Circular Reactions

Early repetitive behaviors in infants (1-4 months old) that focus on the infant's own body, part of sensorimotor development.