Assuming Consumption and Leisure Are Normal Goods, Hours Worked Will

question 13

Multiple Choice

Assuming consumption and leisure are normal goods, hours worked will fall when the wage increases if

• A)the income effect dominates the substitution effect.
• B)the substitution effect dominates the income effect.
• C)the income and substitution effect move in the same direction (i.e., if they are of the same sign).
• D)the income and substitution effect move in the opposite direction (i.e., if they are of the opposite sign).
• E)the wage increase is accompanied by an increase in prices.

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Definitions:

Minimum Data Set

A standardized set of clinical and functional status elements that forms the foundation of the comprehensive assessment for all residents of long-term care facilities or settings.

Nursing Center

A facility or service that focuses on providing nursing care and medical attention for individuals who require it, often in a community setting.

Adult Day Care

A service providing supervised care and social activities for adults during the daytime, often for those with disabilities or dementia.

Primary Care

First contact in a given episode of illness that leads to a decision regarding a course of action to resolve the health problem.