The Substitution Effect of a Wage Increase

question 186

Multiple Choice

The substitution effect of a wage increase

• A)probably leads most workers to want to work more.
• B)certainly leads all workers to want to work more.
• C)probably leads most workers to want to work less.
• D)certainly leads most firms to want to employ more workers.

---

Definitions:

Meaning

The inherent or intended significance, definition, or explanation of a word, phrase, or symbol.

Adenocarcinoma

A type of cancer that forms in mucus-secreting glands throughout the body, often found in the lung, prostate, pancreas, and colon.

Abbreviation

The act or result of shortening a word or group of words to form a shorter word or phrase, typically used to save space or avoid repetition.

Lymphatic System

A network of vessels and nodes throughout the body that is involved in transporting lymph, a fluid containing white blood cells and waste products, as well as in immune system functions.