The Backward-Bending Labor Supply Curve Occurs Because Workers Value Leisure

question 149

Multiple Choice

The backward-bending labor supply curve occurs because workers value leisure

• A) and income differently as wages change.
• B) consistently more than they do income at all wages.
• C) consistently less than they do income at all wages.
• D) and income by the same amount at all wages.
• E) and income by fluctuating,unpredictable amounts at any wage.

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Definitions:

Anxious

Experiencing worry, unease, or nervousness, often about an imminent event or something with an uncertain outcome.

Inhibited

Being restrained, held back, or controlled in behavior or emotional expression.

Physiological Differences

Variations among individuals in their physical functioning and structures.

Inherited Genes

Genetic material passed down from parents to offspring that influences characteristics and susceptibility to certain diseases.