The Labor Supply Curve Is Increasing in ________ and Decreasing

question 64

Multiple Choice

The labor supply curve is increasing in ________ and decreasing in ________.

• A) leisure; the real wage
• B) the nominal wage; leisure
• C) consumption per person; leisure
• D) leisure; consumption per person
• E) None of these answers is correct.

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Definitions:

Volcanic Necks

Solidified lava within the conduit of an extinct volcano, exposed after the surrounding softer rock has eroded away.

Desertification

The converting of a land into a desert by natural or human causes.

Evaporation

The process where liquid water transforms into vapor and enters the atmosphere.

Precipitation

Any form of water - liquid or solid - falling from the atmosphere to the surface of the Earth, including rain, snow, sleet, and hail.