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.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.3P

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