The Supply of Labor Curve Has a ________ Slope Because

question 5

Multiple Choice

The supply of labor curve has a ________ slope because as the real wage rate rises,________.

• A)negative;firms hire fewer workers
• B)positive;the opportunity cost of leisure rises
• C)positive;the opportunity cost of leisure falls
• D)negative;households work more hours
• E)positive;firms offer more jobs

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Definitions:

Dominance

A characteristic or behavior indicative of a person's ability to exert control or influence over others.

Sexual Behavior

Actions or practices concerning sex, including the expressions of sexuality and preferences, which vary widely among individuals.

Aloof

Displaying a reserved or detached manner, often indicative of feelings of superiority or disinterest.

Periodically Abandoned

Refers to something that is repeatedly left unused or neglected for intervals of time.