The Increase in the Quantity of Labor Supplied in Response

question 112

Multiple Choice

The increase in the quantity of labor supplied in response to a higher wage is called the:

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

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Definitions:

Accumulate

To gather or collect a substance, objects, or information gradually over time.

Moving Soil

Refers to the process of relocating topsoil or substrata from one location to another, often in landscaping and agricultural practices.

Acidic Soil PH

Soil that has a pH level below 7, indicating a higher concentration of hydrogen ions and often requiring adjustment for certain plant growth.

Macronutrient

An essential element required in fairly large amounts for normal growth. Compare with micronutrient.