Which of the Following Is a Result of Increased Real

question 222

Multiple Choice

Which of the following is a result of increased real wages in the United States?

• A) A decrease in the quantity of services demanded by households
• B) An increase in the opportunity cost of remaining employed in the home
• C) A decrease in the opportunity cost of working outside the home
• D) A decline in the number of households providing labor outside the home
• E) An increase in the self-sufficiency of households

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Definitions:

Soviet Union

A federal socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

French Indochina

A colonial territory of France in Southeast Asia from the late 19th century to 1954, comprising modern-day Vietnam, Laos, and Cambodia.

Petroleum Sales

The commercial activity of buying and selling crude oil and its derivatives, a crucial part of the global economy and energy sector.

Japanese Attack

Refers commonly to the surprise military strike by Japan on Pearl Harbor in 1941, leading to the United States' entry into World War II.