If Lauren's substitution effects outweigh her income effects, her labor supply curve will
A. Appear vertical.
B. Bend backward.
C. Slope upward.
D. Appear horizontal.
Answer: C
Economics
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Which of the following countries is a middle-income country, which over the past century had a higher rate of economic growth than the United States?
a. Japan b. Mexico c. Canada d. Argentina
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An economy with only the household and firm sectors is called:
A) a mixed economy. B) a private economy. C) a command economy. D) none of the above.
Economics