A Consumer Has Preferences Over Consumption and Leisure

question 123

Multiple Choice

A consumer has preferences over consumption and leisure.When the wage decreases,the consumer chooses to consume less leisure.For this consumer the labor supply curve will

• A)slope upward.
• B)slope backward.
• C)be horizontal.
• D)be vertical.

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Definitions:

Worker Satisfaction

Describes the level of contentment employees feel towards their jobs, encompassing aspects such as work environment, duties, and compensation.

Language Barriers

Communication obstacles that occur when people who speak different languages attempt to interact.

Native-Speakers

Individuals who speak a particular language as their first language from early childhood.

United States

A country located in North America, known for its diverse population and significant impact on global politics, economy, and culture.