Examlex
When leisure is a normal good, the wage elasticity of labor supply is always positive.
Probability
The likelihood of something happening or being the case, quantified as a ratio or percentage.
Canadian Households
Refers to living arrangements and domestic units within Canada, encompassing all people who occupy a housing unit.
Probability
Determining an event's likelihood of happening with a numerical indicator between 0 and 1.
Fair Die
A die that has an equal chance of landing on any of its faces.
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