As the market wage increases:
a. the income effect normally influences you to work more.
b. the income effect normally influences you to work less.
c. the substitution effect normally influences you to work less.
d. the substitution effect normally influences you to involve in nonmarket work.
b
Economics
You might also like to view...
If the quantity supplied exceeds the quantity demanded, then there is
A) a shortage and the price is below the equilibrium price. B) a shortage and the price is above the equilibrium price. C) a surplus and the price is below the equilibrium price. D) a surplus and the price is above the equilibrium price.
Economics
The bargaining power of customers is not one of Porter's five forces
Indicate whether the statement is true or false
Economics