The Average Workweek in the United States Has Declined to Fewer

question 76

Multiple Choice

The average workweek in the United States has declined to fewer than 40 hours even though wage rates have been increasing.The best explanation for this phenomenon is that _____

• A)the labor supply curve shifted to the right.
• B)the labor demand curve shifted to the right.
• C)the income effect of rising wages outweighed the substitution effect.
• D)the substitution effect of rising wages outweighed the income effect.
• E)the labor supply curve is linear and upward sloping.

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Definitions:

Scheduling Chart

A visual tool used to plan and display the timeline of tasks and activities in a project or process.

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An ongoing operation or production method without interruption or end points.

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The characteristics of a product or service that bear on its ability to satisfy stated or implied customer needs.

Business Standards

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