The fundamental decision faced by workers is called
A) labor demand.
B) labor supply.
C) income effect.
D) the labor-leisure trade-off.
E) the substitution effect.

Question

Quizplus · Accepted Answer

The fundamental decision faced by workers is the trade-off between leisure time and income earned from working. Therefore, the correct choice is option D, the labor-leisure trade-off. Choices A, B, C, and E are related to labor economics but do not capture the essence of the workers' decision-making process.

The Fundamental Decision Faced by Workers Is Called