Use the Following to Answer Questions

question 149

Multiple Choice

Use the following to answer questions:
Figure: Davina's Labor Supply Choice
-(Figure: Davina's Labor Supply Choice) The figure Davina's Labor Supply Choice shows Davina's time allocation budget line when her hourly wage is $10 or $15 and she has 80 hours to allocate between labor and leisure; it also shows two of her indifference curves for income and leisure. Davina's labor supply curve is _____ as her hourly wage rises from $10 to $15.

• A) upward-sloping
• B) downward-sloping
• C) vertical
• D) horizontal

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Definitions:

Punctual

The characteristic of being on time for appointments, meetings, and other obligations.

Welcoming

Welcoming refers to creating an inclusive and friendly atmosphere that makes others feel accepted and valued.

Moral Worth

The inherent value of an action or person, based on ethics and morality.

Courage

The ability to overcome fear and live (or die) by one’s convictions, even in ambiguous, uncertain, and dangerous situations; the virtue that underlies and gives reality to all other values; the basis for moral worth and dignity.