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

Answers

Answer 1

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.


Related Questions

I need 4 facts on the history of Labor Day PLEASE ASAP 

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Answer:

One fact about labor is its on september 7 every year. Fact 2 Labor day is a holiday that people celebrate in honor of working people. Fact 3 people worked very hard. Fact 4 Labor day si when the NFL season starts

Explanation:

If someone has integrity, they __________.

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They aren’t going to change

(0)
How does money facilitate the transfer of value?
Ons​

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Answer:

Explanation:

through cheques, bank drafts, money orders and other credit instruments.

When looking at a map, where are the
longitude values located?

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They are not labeled. They are the lines on the map that are going from left TO right but not on the left or right side

Who founded the the journeys and chanters to Roanoke, North Cardina?

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Sir Walter Raleigh founded the journeys and changers to Roanoke NC

Why do committees exist?

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Committees help to organize the most important work of Congress — considering, shaping, and passing laws to govern the nation. 8,000 or so bills go to committee annually. Fewer than 10% of those bills make it out for consideration on the floor.

Answer:

They exist because They help organize the most important works

40:27
Study the diagram showing a relationship between the
free-enterprise system, the market economy, and
entrepreneurship
How can this diagram be altered to better reflect the
relationship?
Free-Enterprise System
The "Market Economy" circle should be separate
from the other circles.
O The "Entrepreneurship" circle should be separate
from the other circles.
O The labels "Free-Enterprise System" and "Market
Economy" should be switched.
O The labels "Entrepreneurship" and "Free-Enterprise
System" should be switched.
Market Economy
Entrepreneurship
Unmark this question
Save and Exit
Next
Submit

Answers

Answer:C

Explanation:

The free-enterprise system, the market economy, and entrepreneurship are interconnected and mutually supportive concepts within the realm of economics.

The free-enterprise system refers to an economic system where private individuals and businesses have the freedom to own and operate enterprises with minimal government intervention.

It allows for competition, innovation, and the pursuit of profit. The market economy is a system in which economic decisions, such as production, pricing, and distribution, are determined by the interactions of buyers and sellers in markets.

Entrepreneurship is a vital component of the market economy as it involves individuals taking risks, identifying opportunities, and creating new businesses or ventures to meet market demands.

Entrepreneurs drive innovation, create jobs, and contribute to economic growth by introducing new products, services, and business models. Altering the diagram to better reflect the relationship could involve depicting the three concepts as overlapping circles, symbolizing their interdependence and interaction in a dynamic economic system.

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In what new U.S. territory did the tension between the North and South escalate to violence?

Answers

Answer:

Kansas

Explanation:

The conflicts that arose between pro-slavery and anti-slavery settlers in the aftermath of the act’s passage led to the period of violence known as Bleeding Kansas.

When the price of pepsi goes down ...... a. the demand curve shifting to the left b. the point on the line moving to the left c. the demand curve shifting to the right d. the point on the line moving to the right

Answers

Answer:

D.

Explanation:

Pepsi would go right!

Hello! Can you please help me with this, because I am not able to do anything that includes this assignment!! PLEASE before 9/11/2020 Take some time to write your purpose statement. A purpose statement is a declarative statement that summarizes your path for success. It gives you permission to say no to distractions and yes to the things that bring value to your life. The statement can highlight what you want to be known for, your passions, desired profession, and the principles you most value. It might start with, "I am . . . ,” "I choose to be . . . ,” "I will be remembered for . . . ," and it might include, "My purpose in life is to . . . ,” "My purpose is . . . ,” "I purpose to . . . ,” and "I am purposed by . . . . ” Next, explain why you believe in this purpose statement and how it fits your personality and path in life. Read your Purpose Statement aloud with confidence.

Answers

Answer: i can help

Explanation:

I am a strong independent person you may not know my name yet but it will be known. I want to be a physiologist. I want to do it because I have a desire to help others that are like me. I have a hard life, a hard past and many people don't understand my mind but I want to understand people because I know what it's like not to be understood . However, as a kid my choice may change I might go with my passion and become a baker. It's a wonderful coping skill especially with my past. I used to have a hardship and struggle with the desire to live but now i'm fighting my will to live is getting stronger so baking is an amazing choice . Or I might go with my talent and sing something  I love doing and no one can take from me or a hobby of cosmetology make up hair etc. As for now my purpose is to live my teenage years proudly and make it as fun as possible my purpose is to be my full true self and to find out who i really am .  

What is organized anarchy in leadership

Answers

Answer:

Organized anarchy is a theory outlined by Cohen and March in their book. Leadership and Ambiguity The Organized anarchy perspective provides a helpful approach to managing higher education institution in ways that are more congruent with and accommodating to their unique structure and approaches.

Critically evaluate how some people defeat and frustrate the achievement of the ideals of social justice by the manner in which they access and use free basic services provided by South African government

Answers

Explanation:

Taking into account that the indices of the last few years show that South Africa is one of the poorest countries in the world, where more than half of South African citizens live below the poverty line, one can critically evaluate the ideals of social justice conquered with Aparthaid, since this democracy exists only for a small part of the population, as social inequality is extreme in the country with the largest industrial activity in the entire African continent.

Government corruption and political conflicts in the country mean that there is more disorganization, inequality and low income distribution so that people can have a decent life with access to quality food, work, housing, etc.

It can also be seen from indexes released that the majority of the black population is the one that most suffers from poverty in the country.

Where was Judea and why was it important to the Jews?

Answers

Answer:

judea was at the eastern end of the Mediterranean sea.

Explanation:

it was important because it was part of the anchient kindom of Israel and it was their homeland.

The Sun and the planets are part of the solar system. ________________ are found outside of our solar system

Answers

Answer:

I think star is also a answer........

Answer:

it is stars

Explanation:

there is more than 1 galaxies, so they also have billions of stars

An "Open" sign in the window of a store tells Ivan he can go in to purchase a beverage he finds particularly reinforcing. In this example, the sign serves as a__________.

Answers

Answer:

Discriminative stimulus

Explanation:

A discriminative stimulus is a stimulus which employs the constant use to elicit a specific response. This increases the possibility that the desired response will occur.

what is the term that is another name for the area known as the " middle east "

Answers

Answer:

Mid-east, Maghreb. etc

Explanation:

There are more names to call the middle-east here are some examples.                                                  Inhabitants refer to the area included in the Greater Middle East by other names: The Maghreb, which includes the North African nations along the Mediterranean sea (Morocco, Algeria, Tunisia, Libya), Biland al-Sham ( the Levant), and the Mashriq (eastern Syria, Iraq, Kuwait, and the nations of the Arabian peninsula.

In the last chapter of American Born Chinese, who is Danny revealed to be?
A. Jin Wang
B. Chin-Kee
C. Wei-Chen
D. The Monkey King

Answers

A. Jin wang, he transformed into a white boy after being prevented from pursuing the girl of his dreams for being Chinese

Answer:

Jin Wang

Explanation:

Trust me

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Answers

Answer:

All that apply are:

✅Random check on machines

✅Service monitoring alerts

Explanation:

The methods that are commonly used by sysadmins to organize issues are random check on machines and service monitoring alerts.

These methods enables them to quickly detect issues.

Service monitoring alerts will enable the sysadmins to get notified whenever there is a problem with any of the systems. It sends out signals to administrators. Also, random checks will help detect problems before they escalate.

The correlation coefficient that represents the strongest relationship is: +1.02. +.87. –.87. –.92.

Answers

Answer:

–.92 is the right answer.

Explanation:

-.92 is the correct answer because the correlation coefficient measures the strength of the relationship between the two variables. Moreover, the value of the correlation coefficient varies between the range of -1 and +1. If the values calculated are outside of these ranges then there will be an error in calculation. Additionally, the value nearer to zero shows the weak relation and the value nearer to +1 or nearer to -1 shows the strong relationship.

The correlation coefficient that represents the strongest relationship is –.92. Option (d) is correct.

Correlation coefficients typically fall between -1.00 and +1.00. The closest number to +1 (positive correlation) or -1 (negative correlation), according to the law of correlation coefficients, is taken into account as the strongest correlation.

The correlation coefficient gauges how closely the two variables are related. Additionally, the correlation coefficient's value might range from -1 to +1. There will be a calculation mistake if the calculated numbers go outside of these ranges.

Additionally, a value closer to zero indicates a weak relationship, whereas a value closer to +1 or -1 indicates a strong relationship.

Therefore, Option (d) is correct.

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What technological advancements allowed human population and cities to grow?​

Answers

Answer:light bulb

Explanation:

How can you hlep others who have been in a natural disaster?

Answers

Answer:

To help others in a natural disaster you could donate money to organizations that can help them. You could send food to a can drive or donate any type of canned goods to the cause. You could offer emotional support to the people who were in the natural disaster.

Explanation:

Here is a few examples of things you could to to help.

Which best explains how photosynthesis is helpful to humans?

Answers

It reduces the amount of harmful rays released by the sun. It increases the levels of carbon dioxide in the air.
Brainliest!?

It reduces the amount of harmful rays released by the sun.

Explanation:

The sun rose at 6:54 this morning observation observation inference

Answers

Answer:

Observation

Where you use one or more of the five senses to gather information

Observation: You saw/ observed something and you are stating that.

Inference: You are predicting something to be true. If so and so, then this will occur.

Can sb answer this please ❗️

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A RAIN GAUGE measures the amount of rain that has fallen over a specific time period. A WIND VANE is an instrument that determines the direction from which the wind is blowing.

How does the labeling theory differ from other theories? A. It believes that young people cannot commit crimes. B. It believes that the offender’s behavior is all that matters in a criminological analysis. C. It believes that societal reactions should form the basis of criminological analysis. D. It believes that deviance cannot occur in the case of juveniles.

Answers

Answer:

b

Explanation:

Answer: C) It believes that societal reactions should form the basis of criminological analysis

Explanation:

I just took a test that had this question and got it right

Hope this helps! :)

(VI)
Write names of any six commercial banks in Pakistan​

Answers

Answer:

Allied Bank Limited.

Askari Bank.

Bank Alfalah.

Bank AL Habib.

Barclays Bank Pakistan.

Citibank Pakistan.

PLEASE HURRY ITS ALMOST DUE!!!! Does this document support a military, economic, or governmental reason for the fall of Rome?

Answers

hmm based if this picture it’s a governmental reason...

What is a direct primary

Answers

Answer: a direct primary, which is now used in some form in all U.S. states, functions as a preliminary election whereby voters decide their party’s candidates.

Explanation:

In a direct primary, which is now utilized in some form in every state in the United States, voters choose the candidates for their party before the general election.

What is a direct primary?

According to dictionary definitions, the term "direct primary" refers to a voting process where candidates are nominated directly.

This is the phrase used in elections or politics to describe the process by which candidates within a political party are chosen to represent the party in the next elections.

As a result, it is clear that the solution to the question has been provided above, and this direct primary is common in political and electoral circles.

All U.S. states now use direct primaries in some capacity, which serve as a pre-election where voters select the candidates of their party. In an indirect primary, voters choose the delegates who will vote at a convention to select the party's nominees.

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what were the clovis peoples main occupations?

Answers

Answer:

Hunting, foraging for plants, and fishing

Answer:

Hunting and foraging for plants and fishing

Explanation:

A baby is considered small for gestational age if:____.

Answers

Answer:

Their birth weight falls below 10th percentile

Explanation:

A baby is considered small for gestational age if they are considered to be too small in relation to the number of weeks of that pregnancy than they are usually supposed to be. Such a baby when compared to other babies of same gestational age would be measured to be smaller than they are. Birth weight is usually below 10th percentile.

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