Answer:Substitution effect is greater than Income Effect
Explanation:
When there is increase in supply of labor as the wage rate increases then substitution effect dominates over Income effect.
on the other hand, When supply of labor decreases as the wage rate increases then income effect is stronger than substitution effect.
Here in this case with the increase in wage rate there is an increase in working hours. Therefore Substitution effect is greater than Income Effect
The child has been exposed to a <em>subliminal advertisement</em>. It is a form of advertisement which aims to create an unconscious influence over the target audience by creating subliminal stimuli which appeal to an individual's current needs or goals.
In this case, the advertisement was probably aiming to create a <em>reluctance</em> in the viewers over the use of toilets. They tried to achieve this by depicting the toilet as a monster who is the user. This effectively caused the child to be fearful of the toilet and reluctant to use it.
The statement “Nearly 47%
of people who began drinking before age 14 were alcohol dependent at some point
in their lifetime” is true.
Alcohol dependence<span> <span>is a
previous psychiatric diagnosis in which an individual is physically or
psychologically </span>dependent<span> upon
drinking </span>alcohol. In 2013 it was reclassified as alcohol<span> use disorder (</span>alcoholism) along with alcohol<span> abuse
in DSM-5.</span></span>
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Assets are the resources that a corporation owns or manages and which are anticipated to be beneficial in the future.
More about assets:
A useful resource that a company owns or rent and that helps to run your business is referred to as an asset in the business world. Intangible assets like goodwill, reputation, and brand recognition can also be used as resources, in addition to tangible things like computers and small sums of money.
Assets are resources that can be used to produce value, be sold, or be converted into cash in accounting. Examples include your inventory, bank account balances, accounts receivable, pre-paid expenses, etc.
Assets can typically be divided into categories based on their nature and type based on their physical qualities, such as current assets, fixed assets, tangible assets, and intangible assets, and their ability to be converted into cash.
Learn more about assets here:
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