An example of a worker adjusting along the extensive margin is when
A) a worker's wage is increased,so he decides to work more.
B) a worker's wage is increased,so he decides to work less.
C) a worker's wage is decreased,so he switches to another job but works the same number of hours.
D) a worker's wage is decreased,so he leaves the labor force.
E) a worker's wage is decreased,so he works more hours.
Correct Answer:
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Q19: Which of the following is true about
Q20: The marginal rate of substitution
A) represents the
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Q25: Consider the situation depicted in Figure 4.2,where
Q26: The own wage elasticity
A) is the percentage
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Q29: Sample selection occurs because
A) workers choose not
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