If a Person Supplies More Hours of Labor in Response

question 88

Multiple Choice

If a person supplies more hours of labor in response to a wage increase,then

• A) the substitution effect is greater than the income effect.
• B) the income effect is greater than the substitution effect.
• C) the income effect equals the substitution effect.
• D) the person is not maximizing utility.

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Definitions:

Privilege

A special right, advantage, or immunity granted or available only to a particular person or group of people.

Masculinity

A set of attributes, societies, and roles generally associated with boys and men, particularly involving the demonstration of strength and stoicism.

Aggressive

Characterized by or resulting from a forceful and sometimes overly assertive pursuit of one's goals and interests.

Emotionally Expressive

The ability or tendency to readily communicate emotions, including feelings of happiness, sadness, anger, or love.