Suppose That an Individual Has Chosen Not to Work

question 17

Multiple Choice

Suppose that an individual has chosen not to work.Then a change in the wage rate

• A) Creates a substitution effect, but no income effect
• B) Creates an income effect, but no substitution effect
• C) Creates both and income and substitution effect
• D) Creates neither an income effect nor a substitution effect

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Pertaining to or situated within the confines of an organization, system, or device, often indicating processes or operations not exposed to the external environment.

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A characteristic of something that is intended to last or continue indefinitely, without change or cessation.

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A company that offers users access to the Internet, often also providing related services such as web hosting and email.