1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
3 years ago
7

The backward-bending labor supply curve occurs because workers value leisure:a. and income differently as wages change.b. consis

tently more than they do income at all wages.c. consistently less than they do income at all wages.d. and income by the same amount at all wages.e. and income by fluctuating, unpredictable amounts at any wage.
Social Studies
1 answer:
Alex17521 [72]3 years ago
7 0

Answer: C

Explanation:In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour-time being offered for sale.[1]

The "labour-leisure" tradeoff is the tradeoff faced by wage-earning human beings between the amount of time spent engaged in wage-paying work (assumed to be unpleasant) and satisfaction-generating unpaid time, which allows participation in "leisure" activities and the use of time to do necessary self-maintenance, such as sleep. The key to the tradeoff is a comparison between the wage received from each hour of working and the amount of satisfaction generated by the use of unpaid time.

Such a comparison generally means that a higher wage entices people to spend more time working for pay; the substitution effect implies a positively sloped labour supply curve. However, the backward-bending labour supply curve occurs when an even higher wage actually entices people to work less and consume more leisure or unpaid time.

You might be interested in
Which statement about the rise of the Egyptian civilization is false?
elena-14-01-66 [18.8K]
<span>Which statement about the rise of the Egyptian civilization is false?   

second one

</span>
3 0
3 years ago
What color painted curb designates an area where there is no stopping, parking, loading, or standing
pav-90 [236]
Red , because red means no 
3 0
3 years ago
Why did the United States get involved in the Vietnamese conflict?
Nuetrik [128]
The main reason why United States was involved in Vietnam is that the United States believed in the so called Domino effect: that if one country becomes communist, others might become communist too. So they got involved to stop the spread of communism (option a)
6 0
3 years ago
Read 2 more answers
Pleaseeeeeeeee heeeeeeeelllllllllllllllpp me
Stolb23 [73]

Answer:

Tropical rain forest is not considered temperate marine climate

4 0
3 years ago
It is acceptable to change your personality if you want the relationship to last. Please select the best answer from the choices
jeka94
<span>The question is asking us to say whether it is acceptable to change your personality if you want the relationship to last. I think that the intended answer is "false" because a relationship should be something that is compatible with how you are and you could end up being unhappy if you change your personality. However, it is acceptable to change some negative traits such as excessive jealousy. </span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • Adolf Hitler, Benito Mussolini, and Josef Stalin can ALL be classified as
    8·2 answers
  • Why did the farmers develop a system of checks and balances
    15·1 answer
  • Briefly describe the conclusion that could be drawn from the experiments of frederick griffith
    14·1 answer
  • Which countries were invaded by Germany? Select all that apply.
    13·2 answers
  • Which is an example of gross evidence? A spent cartridge is found at the scene of an armed robbery. An eyewitness sees a man fle
    5·2 answers
  • A strong, persistent, and unwarranted fear of some specific object or situation is referred to as ____.
    15·1 answer
  • 1. Give three examples of archaeological sources?​
    7·2 answers
  • Discuss three consequences of violent crime on the individual
    6·1 answer
  • Directions: Read the following situations and answer the questions that
    8·1 answer
  • Explain why do these ministers take all the major decisions in Indian democracy​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!