更多“The substitution effect in the work-leisure model induces a person to work less in response to highe…”相关的问题
第1题
Such transitional words as “however, but, yet…” may remind the readers of refutation.
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第2题
10.People tend to think the more determined they are, the greater their success will be.
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第3题
The income effect in the work-leisure model induces a person to work less in response to higher wages, which tends to make the labor-supply curve slope backward
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第4题
A rise in the interest rate will generally result in people consuming more when they are old if the substitution effect outweighs the income effect.
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第5题
A rise in the interest rate will generally result in people consuming less when they are old if the substitution effect outweighs the income effect.
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第6题
The theory of consumer choice is representative of how consumers make decisions but is not intended to be a literal account of the process.
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第7题
The direction of the substitution effect is not influenced by whether the good is normal or inferior.
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第8题
A typical consumer consumes both coffee and donuts. After the consumer’s income decreases, the consumer consumes more coffee but fewer donuts than before. For this consumer, donuts are a normal good, but coffee is an inferior good.
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