Which of the Following Is a Result of Increased Real

question 172

Multiple Choice

Which of the following is a result of increased real wages in the United States?

• A)a decrease in the quantity of services demanded by households
• B)an increase in the opportunity cost of remaining employed in the home
• C)a decrease in the opportunity cost of working outside the home
• D)a decline in the number of households providing labor outside the home
• E)reduced use of labor-saving devices in households