At Low Wages, the Labor Supply Curve for Most People

question 189

Multiple Choice

At low wages, the labor supply curve for most people slopes upward because

• A)the supply of labor is perfectly inelastic at low wages.
• B)as wages increase the opportunity cost of leisure increases.
• C)as wages increase income also increases unless hours worked decrease.
• D)the demand for labor is perfectly elastic at low wages.

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Definitions:

Hertz

The unit of frequency in the International System of Units (SI), equal to one cycle per second, used to measure the frequency of waves.

Frequency Of Sound Waves

refers to the number of complete oscillations or cycles per second of a sound wave, measured in Hertz (Hz), determining the pitch of the sound.

Pitch Discrimination

The ability to distinguish between different tones or musical notes based on their frequency, an important aspect of auditory perception.

Place Theory

A theory in psychology and physiology that suggests the perception of sound depends on where each component frequency produces vibrations along the basilar membrane of the inner ear.