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Assuming benefits are plotted on the horizontal axis and wage earnings on the vertical axis.Workers have steeper indifference curves when they are willing to give
Assuming benefits are plotted on the horizontal axis and wage earnings on the vertical axis.Workers have steeper indifference curves when they are willing to give up a significant amount in wages for a given increase in benefits. Such workers are more likely to be
a.
less risk-averse
b.
older with higher family incomes
c.
more present-oriented
d.
younger with lower family incomes
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