Which of the following affects a person's decision to work?
A)The price of consumption goods relative to the wage.
B)The person's income from non-labor sources.
C)How much the person enjoys working.
D)The amount of fringe benefits offered to the person.
E)All of the above affect a person's decision to work.

Question

Quizplus · Accepted Answer

All of the options listed affect a person's decision to work. A person's choice to work is influenced by how much they enjoy working and how much they can earn from working (represented by the wage rate and fringe benefits). Additionally, their decision may be influenced by how much they can earn from non-labor sources (such as investments, inheritances or government benefits) and the prices of the goods and services they wish to consume, relative to their wage rate.

Which of the Following Affects a Person's Decision to Work