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The ________ Effect Means That, Other Things Remaining the Same

question 18

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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.


Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable.

Concept

A theoretical notion that captures the core features of its subject.

Terms

Words or expressions used in a specific context with particular meanings.

Protect

To keep safe from harm or damage.

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