Examlex
When experimenters induced fictive swimming in dogfish, they observed that the rhythm of the fictive swimming could be synchronized to the rhythm of mechanical movements of the tail. What is this an example of?
Income Effect
A change in the consumption patterns of individuals arising from a change in their real income, due to shifts in prices or income levels.
Unskilled Workers
Workers who have no specific training or specialized skills and usually perform simple tasks that require limited education.
Minimum Wage
The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.
Backward-Bending Labor Supply Curve
As the wage rate rises, more and more people are willing to work longer and longer hours up to a point. They will then substitute more leisure time for higher earnings.
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