Solved

The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

Question 76

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
The figure given below shows the income-leisure trade off of an individual.Figure 16.5    AB and AC: Income constraints of the individual I<sub>1</sub>, I<sub>2</sub>, and I<sub>3</sub> curves show the income leisure choices of the individual. -The concept of comparable worth: A) is that pay ought to be determined by job characteristics rather than by supply and demand. B) is that pay ought to be determined by supply and demand rather than by job characteristics. C) has made hiring practices much simpler for employers. D) asserts that market-determined wages are the only appropriate way in which to allocate pay. E) is easy to implement once a new worker has been hired. AB and AC: Income constraints of the individual
I1, I2, and I3 curves show the income leisure choices of the individual.
-The concept of comparable worth:


A) is that pay ought to be determined by job characteristics rather than by supply and demand.
B) is that pay ought to be determined by supply and demand rather than by job characteristics.
C) has made hiring practices much simpler for employers.
D) asserts that market-determined wages are the only appropriate way in which to allocate pay.
E) is easy to implement once a new worker has been hired.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents