Which of the following describes the substitution effect? A.) As wages increase, an individual's total potential income rises, making him less likely to choose leisure over labor.

B.) As wages increase, an individual's total potential income rises, making him more likely to choose leisure over labor.

C.) As wages increase, an individuals leisure becomes less costly, making him more likely to choose leisure over labor.

D.) As wages increase, an individual's leisure becomes more costly, making him less likely to choose leisure over labor.

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee