If the Backward-Bending Supply Curve for Labor Has Relevance for Public

question 33

Multiple Choice

If the backward-bending supply curve for labor has relevance for public finance,it is because _____.

• A)at really high wage rates there will be insufficient labor to meet aggregate demand
• B)there is a trade-off between leisure and labor
• C)income taxes do no raise sufficient revenue to pay for public goods because individuals consume too much leisure
• D)taxpayers are not receiving as much utility from public sector output as they are losing through the income effect associated with income taxes

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Definitions:

African-American Women

Female individuals of African descent living in America, often facing unique cultural, social, and health-related challenges.

White Men

Refers to males of European descent, often discussed in sociological contexts regarding privilege, demographic traits, or health disparities.

Gender Convergence

The trend towards decreasing differences in roles, behaviors, or traits between males and females in society.

Health Risks

Factors that increase the likelihood of developing a health problem or disease.