Suppose that workers develop a greater taste for leisure, and thus require more time away from work. What is likely to happen to wages and the quantity of labor hired?
A) wages decrease, quantity of labor hired increases
B) wages increase, quantity of labor hired decreases
C) wages increase, quantity of labor hired increases
D) wages decrease, quantity of labor hired decreases
B
Economics
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Explain the difference between a cooperative equilibrium and a noncooperative equilibrium in game theory
What will be an ideal response?
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Technically, the Federal Reserve district banks are corporations whose stockholders are the
A. state governments in each district. B. citizens of the United States. C. Departments of Treasury and Commerce. D. member banks.
Economics