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Loraine Loraine
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8 years ago
Which of the following statements is (are) true?
i.   As the real wage rate increases, the household's income decreases, which influences people to work more hours.
ii.   As the real wage rate increases, the quantity of labor demanded increases.
iii.   As the real wage rate increases, the opportunity cost of not working increases.
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
My pleasure Happy Dummy
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