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Please briefly and thoroughly explain all parts! 2. (10 points) Indicate whether the following statements are TRUE or FALSE and explain your answer fully, but

Please briefly and thoroughly explain all parts!

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2. (10 points) Indicate whether the following statements are TRUE or FALSE and explain your answer fully, but succinctly. Without an adequate explanation, you will get no credit. a) If the wage rate increases, then those who work have a stronger incentive to supply labor. b) If the wage rate increases, then those who do not work have a stronger incentive to supply labor

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