Suppose You Could Choose How Many Hours a Week You

question 25

Multiple Choice

Suppose you could choose how many hours a week you will work and you are currently earning $50 an hour and working 40 hours a week.If you got a pay increase to $60 an hour and decided to work 45 hours,then we may conclude that your

• A)income effect outweighed your substitution effect.
• B)substitution effect outweighed your income effect.
• C)substitution effect was equal to your income effect.

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Definitions:

Autonomy versus Doubt

A psychological conflict of early childhood, as theorized by Erik Erikson, where children must develop a sense of personal control and independence, or they may experience shame and doubt in their abilities.

Situational Variables

External factors present in an individual's environment that can affect behaviors and outcomes in specific contexts.

Biological Factors

Aspects of biology that affect behaviors, health, and well-being, including genetics, brain chemistry, and physiological conditions.

Intimacy

Close familiarity or friendship; deep emotional or physical connection between people.