Which of the following statements regarding the supply of labor is least accurate（）
A. The income effect of a wage increase is to decrease the amount of labor supplied.
B. Capital goods that increase productivity in the home can affect the supply of labor positively.
C. Other things equal, an increase in the wage rate will lead to an increase in the amount of labor an individual will supply.
参考答案：C
解析：
The effect of an increased wage on the amount of labor an individual will supply will depend on the relative strength of the income and substitution effects. The substitution effect leads to an increase in labor supplied as less leisure is consumed because its opportunity cost is increased. The income effect leads to less labor supplied as the wage increase and resulting higher income leads to greater consumption of leisure (less hours of labor supplied). For example, with a wage increase to $1,000 per hour, some workers will choose to reduce the number of hours they work, rather than increase them.