问题 单项选择题

At low wage rates, will an increase in the wage rate most liken result in: The substitution effect An increase in the supply of labor()

A. Yes No

B. Yes Yes

C. No No

答案

参考答案:B

解析:

At low wage rates, an increase in the wage rate will induce a worker to work longer hours, leading to the substitution effect and an increase in the quantity of labor supplied.

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