Saturday, July 9, 2011

Which of the following is a result of increased real wages in the United States?

ECONOMICS

Multiple Choice

Which of the following is a result of increased real wages in the United States?

a.a decrease in the quantity of services demanded by households

b.an increase in the opportunity cost of remaining employed in the home

c.a decrease in the opportunity cost of working outside the home

d.a decline in the number of households providing labor outside the home

e.reduced use of labor-saving devices in households

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