Question
If the substitution effect of higher wages always outweighs the income effect, and workers are always on their labor supply curve, what happens to total
If the substitution effect of higher wages always outweighs the income effect, and workers are always on their labor supply curve, what happens to total labor inputs (N) as wages rise over time?
A.N falls
B.N rises
C.N is unchanged
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
