Consider the impact of a general increase in real wages
25. Consider the impact of a general increase in real wages. Empirical evidence suggests that men will tend to work _____ hours and women will tend to work _____ hours.
a. more; fewer c. fewer; fewer
b. more; about the same d. about the same; more
26. Which of the following would unambiguously predict a decrease in desired hours of work?
a. The substitution effect of a wage decrease
b. The income effect of a wage decrease
c. A wage increase
d. The substitution effect of a decline in income tax rates
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