The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I1, I2, and I3 curves show the income leisure choices of the individual.
-Proponents of comparable worth justifies it on the ground that:
A) interfering with the functioning of the labor market will lead to shortages of labor.
B) interfering with the functioning of the labor market will lead to excess supplies of labor.
C) as a result of personal prejudices the market is unable to assess marginal products.
D) market correctly processes the innumerable information which is available.
E) interaction of demand and supply correctly determines the wage rate.
Correct Answer:
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Q59: The figure given below shows the income-leisure
Q60: The figure given below shows the demand
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Q65: The following figures show the demand (D)
Q66: The figure given below shows the income-leisure
Q67: The following figures show the demand (D)
Q68: The figure given below shows the income-leisure
Q69: The figure given below shows the income-leisure
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