Statistical studies in the United States have reached the conclusion that for most workers the response of labor supply to wage changes is
A)quite strong.
B)not very strong.
C)inverted.
D)always zero.

Question

Quizplus · Accepted Answer

Statistical studies in the United States have shown that for most workers, the response of labor supply to wage changes is not very strong. This means that increases in wages do not necessarily lead to a significant increase in the amount of hours worked by individuals, and decreases in wages do not necessarily lead to a significant decrease in the amount of hours worked.

Statistical Studies in the United States Have Reached the Conclusion