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Peer pressure is a major factor in student drinking.
Workers' Incomes
The financial compensation received by employees for their labor, including wages, salaries, and bonuses.
Labor Supplied
The total hours of work that workers are willing to offer at a given wage rate.
Hourly Wage Rate
The amount of money paid for each hour of work.
Opportunity Cost
The cost of the next best alternative forgone as a result of making a decision.
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