If Bobby thinks that leisure is an inferior good, then his labor supply curve
A) is backward bending.
B) is always negatively sloped.
C) is always positively sloped.
D) does not exist.
C
Economics
You might also like to view...
Research by economists Martin Hackmann, Amanda Kowalski, and Jonathan Kolstad indicates that the individual mandate provision of the Massachusetts health care program was responsible for a(n) ________ in premiums and the mandate helped to ________
premium increases in subsequent years. A) increase; accelerate B) increase; hold down C) decrease; accelerate D) decrease; hold down
Economics
A firm with positive accounting profit may be suffering an economic loss
a. True b. False
Economics