When Wages Fall,the

question 120

Multiple Choice

When wages fall,the

• A) opportunity cost of an hour of work increases.
• B) opportunity cost of an hour of leisure (not working)stays the same.
• C) cost of working increases.
• D) opportunity cost of an hour of leisure (not working)decreases.
• E) opportunity cost of an hour of leisure (not working)increases.

---

Definitions:

Federal Government

The national government of a federation, which holds authority over the entire territory, distinguishing it from state or local governments.

Ronald Reagan

The 40th President of the United States (1981–1989), known for his conservative policies, economic reforms, and role in ending the Cold War.

Market Forces

The economic factors affecting the supply and demand for goods and services in the market, including competition, consumer preferences, and regulatory policies.

Reduce Poverty

The goal or process of decreasing the number of individuals or families living below the poverty line through various economic, educational, and policy measures.