The market labor supply curve is downward-sloping.
Answer the following statement true (T) or false (F)
False
The upward slope of an individual's labor supply curve is a reflection of the increasing opportunity cost of labor as leisure time declines.
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Assuming the market of soda has a regular downward sloping demand curve and upward sloping supply curve, the tax will ________ the price paid by buyers and ________ the price received by sellers
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
From the perspective of households and businesses deciding where to deposit their money, the key advantage of the private loans issued by commercial banks is ________
A) transparency B) marketability C) incentive for the bank to collect information D) relatively high interest rates