In the above figure, as Brendan's income rises his consumption bundle moves from point A to point C. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good

A firm uses an efficiency wage scheme to deter workers from shirking. A risk-neutral worker will not shirk if

A) the expected loss from being fired is larger than or equal to the gain from shirking. B) the expected loss from being fired is smaller than the gain from shirking. C) the gain from shirking is positive. D) the expected loss from being fired is zero.

The poor, in considering a job offer, face constraints that middle-class job seekers are not subject to

Indicate whether the statement is true or false