Which of the Following Helps to Explain Why the Supply

question 67

Multiple Choice

Which of the following helps to explain why the supply curve of labor is upward sloping?

• A)The supply curve of labor is a derived supply curve; since the output supply curve is upward-sloping, so is the labor supply curve.
• B)As the wage rate rises, the income effect causes the quantity of labor supplied to increase.
• C)The substitution effect of a price change makes a good less expensive relative to other goods.
• D)As the wage rate rises, the opportunity cost of leisure rises.

---

Definitions:

Interaction

The process by which individuals communicate and influence each other's behaviors and thoughts, often central to therapeutic settings.

Fostering Dependency

The act of encouraging someone to remain dependent on another for emotional support, care, or sustenance.

Quick Solutions

Rapid responses or fixes to problems, which may not address underlying issues but aim to immediately alleviate symptoms or challenges.

Desired Outcomes

The specific goals or results that one aims to achieve through a course of action or intervention.