If Workers Respond to an Increase in the Opportunity Cost

question 138

Multiple Choice

If workers respond to an increase in the opportunity cost of leisure by taking less leisure,then what is the shape of their labour supply curve

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

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Definitions:

Automation Capabilities

The extent to which a process, operation, or task can be performed by automated means, typically involving technology or machinery.

Performance Management

The process of ensuring employees' activities and outputs align with the organization's goals, typically involving goal setting, monitoring, review, and feedback mechanisms.

Adopting HR Technology

The process of selecting and integrating new technological tools into human resources practices to enhance efficiency and effectiveness.

Codifies Employee Data

The process of organizing and systematizing employee information into a structured and accessible format.