An Increase in the Real Wage Rate Will Cause

question 54

Multiple Choice

An increase in the real wage rate will cause

• A)the labour supply curve to shift to the right.
• B)the labour demand curve to shift to the left.
• C)both the labour supply curve and the labour demand curve to shift to the right.
• D)a movement along the labour demand curve.

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Definitions:

Identical Twin Study

Research that compares identical twins to determine the relative influence of genetics versus environment on various traits or conditions.

Genes

Units of heredity made up of DNA that are responsible for the inherited traits and characteristics of organisms.

Family Studies

An academic and research field focusing on the dynamics and relationships within family systems, including aspects of psychology, sociology, and human development.

Twin

One of a pair of siblings born at the same time from the same pregnancy, either identical (monozygotic) or fraternal (dizygotic).