The labor supply curve has a positive slope if the

A) substitution effect outweighs the income effect.
B) income effect outweighs the substitution effect.
C) demand for labor is elastic.
D) demand for labor is inelastic.

A

Economics

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Which of the following expenditures is classified as a discretionary expenditure of the U.S. federal government?

A) federal employee pensions B) student loans and grants C) Social Security D) food stamps

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Backloaded compensation encourages

A) employee turnover. B) employee rollover. C) principals to be agents. D) employees to stay with the firm.

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