If a person supplies fewer hours of labor in response to a wage increase, then
A) the substitution effect is greater than the income effect.
B) the income effect is greater than the substitution effect.
C) the income effect equals the substitution effect.
D) the person is not maximizing utility.
B
Economics
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The Federal Trade Commission is an agency charged with
A) regulating interstate commerce. B) enforcing product safety laws. C) regulating international commerce. D) enforcing antitrust laws.
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