Which of the following is a result of increased real wages in the United States?
A)a decrease in the quantity of services demanded by households
B)an increase in the opportunity cost of remaining employed in the home
C)a decrease in the opportunity cost of working outside the home
D)a decline in the number of households providing labor outside the home
E)reduced use of labor-saving devices in households

Question

Quizplus · Accepted Answer

Increased real wages raise the opportunity cost of not working, as individuals can earn more by working outside the home, making staying at home less financially attractive.

Which of the Following Is a Result of Increased Real