Which of the following statements is false? Select one: Coll OA. Labour supply theory suggests that the choices workers make with respect to the desired hours of work depends on: wealth, wage rate, and leisure-income preferences. B. Workers who face the same budget constraint, but who have different preferences for leisure, will make similar choices about hours of work. O C. Other things equal, people who are working longer hours will exhibit higher income effects when wage rates change. O D. A reservation wage is the wage below which a person will not work in the labour market.
Which of the following statements is false? Select one: Coll OA. Labour supply theory suggests that the choices workers make with respect to the desired hours of work depends on: wealth, wage rate, and leisure-income preferences. B. Workers who face the same budget constraint, but who have different preferences for leisure, will make similar choices about hours of work. O C. Other things equal, people who are working longer hours will exhibit higher income effects when wage rates change. O D. A reservation wage is the wage below which a person will not work in the labour market.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which of the following statements is false?
..
Select one:
Cll
OA.
Labour supply theory suggests that the choices workers make with respect to the desired hours of work
depends on: wealth, wage rate, and leisure-income preferences.
В.
Workers who face the same budget constraint, but who have different preferences for leisure, will make
similar choices about hours of work.
C. Other things equal, people who are working longer hours will exhibit higher income effects when wage
rates change.
OD.
A reservation wage is the wage below which a person will not work in the labour market.
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