In the Short Run,the Labour Supply Curve for Most People

question 34

Multiple Choice

In the short run,the labour supply curve for most people slopes upward because

• A) labour supply experiences increasing marginal returns.
• B) the substitution effect is completely offset by the income effect.
• C) there is a direct relationship between the quantity of labour supplied and the quantity of labour demanded.
• D) the substitution effect is stronger than the income effect.

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Definitions:

Negative Reinforcement

A technique used to increase desired behaviors by removing an unpleasant stimulus when the desired behavior is performed.

Positive Reinforcement

A behavior modification technique that involves rewarding a desired behavior, thereby increasing the likelihood that the behavior will be repeated.

Negative Punishment

Negative punishment involves removing a desirable stimulus to reduce the likelihood of a particular behavior being repeated.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.