When an individual's income goes up, that individual may choose to supply less labor, resulting in a backward-sloping labor supply curve
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The central problem all individuals face is
A) greed. B) insufficient money income. C) scarcity of resources. D) the desire for present enjoyment. E) unequal wealth.
Economics
Investment spending might be larger when GDP is higher. Such added investment as GDP rises is called
a. mutual investment. b. induced investment. c. positive investment. d. net investment.
Economics