Assume That All Workers Prefer to Work 40 Hours a Week

question 42

Multiple Choice

Assume that all workers prefer to work 40 hours a week at a given wage.If real estate jobs asks workers to rotate between working 20 hours a week and 60 hours a week,which of these workers is likely to work for the lowest relative average hourly pay in real estate?

• A) workers with large income effects
• B) workers with small income effects
• C) workers with large substitution effects
• D) workers with small substitution effects

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Definitions:

Remedy

Legal means for enforcing a right or redressing a wrong, including compensation, injunction, specific performance, and other forms of relief.

Covenant Not To Compete

A legal agreement in which one party agrees not to enter into or start a similar profession or trade in competition against another party.

Restraint Of Trade

Any activity or agreement that restricts competition or interferes with free commerce in the marketplace.

Courts

are judicial institutions with the authority to settle disputes, interpret the law, and administer justice in civil, criminal, and administrative matters.