If Workers Respond to an Increase in the Opportunity Cost

question 103

Multiple Choice

If workers respond to an increase in the opportunity cost of leisure by taking more leisure,then their labor supply curve is

• A)upward sloping.
• B)downward sloping.
• C)horizontal.
• D)vertical.

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Definitions:

Scientific Method

A systematic approach to investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge.

Cohort

A group of people who share a common characteristic or experience within a defined period, often used in research studies.

Research Question

A specific query that guides a study, aiming to generate new insights or understanding.

Participant Reactivity

The phenomenon in research where the behavior of study participants is altered simply because they are aware that they are being observed.