A Backward-Bending Supply Curve of Labor Shows That at Relatively

question 105

Multiple Choice

A backward-bending supply curve of labor shows that at relatively high wages the _____ effect dominates the _____ effect,and the supply curve has a _____ slope.

• A)income;substitution;positive
• B)income;substitution;negative
• C)substitution;income;positive
• D)substitution;income;negative

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Definitions:

Bartolomeo Vanzetti

An Italian-American anarchist who, along with Nicola Sacco, was controversially tried and executed for robbery and murder in the 1920s.

Return Migration

The process whereby people move back to their country of origin or heritage after having lived in another country for a period.

Mexican Government

The federal republic government of Mexico, composed of executive, legislative, and judicial branches.

Land Reform

The redistribution of agricultural land from large landowners to those with little or no land, intended to improve productivity and reduce inequality.