Researchers studying labor supply decisions of New York City cab drivers discovered that the time horizons of the drivers are
A) day-by-day
B) intertemporal
C) multi-year

Question

Quizplus · Accepted Answer

The researchers found that New York City cab drivers tend to make labor supply decisions on a day-by-day basis, often setting daily income goals and stopping work once those goals are met, rather than considering longer-term or intertemporal earnings strategies.

Researchers Studying Labor Supply Decisions of New York City Cab