The Nile River Links the Mediterranean Basin to the North

question 23

True/False

The Nile River links the Mediterranean basin to the north and sub-Saharan Africa to the south.

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in an economy.

Time Allocation

The decision about how many hours to spend on different activities, which leads to a decision about how much labor to supply.

Income Effect

The change in an individual’s or economy’s income and how that change affects the quantity demanded of a good or service.

Hourly Wage

The amount of money paid for each hour of work, often set by an employer or by legal minimum wage laws.