The substitution effect of higher wages suggests that as the wage rate increases ?

Related Mcqs:

The poverty trap refers to ?

A. a situation in which those receiving state benefits may be almost no better off if they choose to work more to earn more income for themselves and their families because doing so will mean they have to pay back the benefits they have previously received B. a situation in which workers are unable to … The poverty trap refers to ?Read More...

The idea that the demand for car workers stems from the demand for cars is ?

A. output demand B. indirect demand C. derived demand D. the value of the marginal product of auto workers....

A tax whose burden expressed as a percentage of income, falls as income increases is a ?

A. benefits received tax B. progressive tax C. regressive tax D. proportional tax...

If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?

A. total variable cost curve B. marginal cost curve C. total product of labour curve D. marginal product of labour curve...

Unemployment benefits may increase the unemployment rate because unemployment benefits ?

A. encourage people to quit their jobs B. reduce the cost of job search C. enable people to quit searching for work D. reduce the benefits of additional job searching...