The Substitution Effect in an Individual's Labor/leisure Choice Is That

question 34

Multiple Choice

The substitution effect in an individual's labor/leisure choice is that

• A)lower wages cause firms to operate less often.
• B)a higher wage makes work less necessary, so less of it is done.
• C)a higher wage makes work a more attractive alternative, so more work results.
• D)work and leisure can be substituted for one another because they are generally mutually exclusive activities.
• E)a lower wage makes leisure less attractive as an alternative, and less leisure is consumed.

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Definitions:

Femor/o

A prefix in medical terminology related to the femur or thigh bone.

Combining Form

A word root with a combining vowel used to create medical terms.

Femur

The longest and strongest bone in the human body, located in the thigh, connecting the hip to the knee.

Thighbone

Another term for the femur, which is the longest and strongest bone in the human body, connecting the hip to the knee.