If Your Wage Increases from $10 Per Hour to $15

question 592

Multiple Choice

If your wage increases from $10 per hour to $15 per hour, then your

• A)opportunity cost of an hour of leisure decreases by $5 per hour.
• B)opportunity cost of an hour of leisure increases by $5 per hour.
• C)out-of-pocket cost of an hour of leisure decreases by $5 per hour.
• D)out-of-pocket cost of an hour of leisure increases by $5 per hour.

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Definitions:

I Have a Dream

"I Have a Dream" is a historic speech delivered by Martin Luther King Jr. in 1963, advocating for civil rights and equality in America.

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex, initially introduced to Congress in 1923 and still not ratified.

Equality of Rights

The principle that all people should have the same legal rights and opportunities, regardless of characteristics such as gender, race, or religion.

Voting Rights Act

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.