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Title: Which of the following is not true of a change in nonlabor income? Post by: NYC on Jan 12, 2016 Which of the following is not true of a change in nonlabor income?
A) There is no income effect because a change in nonlabor income does not change the trade-off between work and leisure. B) There is no substitution effect because a change in nonlabor income does not change a household's permanent income. C) There is no income effect because a change in nonlabor income does not change a household's permanent income. D) all of the above Title: Re: Which of the following is not true of a change in nonlabor income? Post by: Jesslyn on Jan 26, 2016 Content hidden
Title: Re: Which of the following is not true of a change in nonlabor income? Post by: NYC on Jan 28, 2016 Good answer, thanks.
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