One Reason an Individual Labour Supply Curve May Be Backward-Sloping

question 31

Multiple Choice

One reason an individual labour supply curve may be backward-sloping is that:
(i) work hours decline as technology raises worker productivity
(ii) a raise may prompt a person to devote more time to leisure than to work
(iii) a wage fall may cause a person to not work as hard

• A)(i)
• B)(i) and (ii)
• C)(i) and (iii)
• D)(ii) and (iii)

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Definitions:

Janusian Thinking

A creative thinking process involving the consideration of opposing ideas or perspectives simultaneously to generate new insights or innovative solutions.

Paradoxes

Situations or statements that contain seemingly contradictory elements, but upon closer inspection, may reveal a deeper truth or complexity.

Ambiguity

The quality of being open to more than one interpretation or having a lack of clarity.

Creative Realism

The application of creative thinking and innovation grounded in practicality and realistic constraints.