Which one of the following regarding to an

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10) Which one of the following regarding to an individual's budget constraint is correct? A) The level of non-labour income is higher for a part-time worker than for a full-time worker B) The slope of the budget constraint is determined b\ the market wage rate. C) The slope of the budget constraint is higher for a full-time worker than for a part-time worker. D) The slope of the budget constraint is determined b\ the reservation wage rate E) The level of non-labour income determines the intercept of the budget constraint. Answer: B
11) In the neo-classical model of labour suppl\, which of the following is alwa\s true?
12) Over the backward bending portion of the labour suppl\ curve,
13) For a worker who is deciding how man\ hours of labour to suppl\, all of the following are true e[cept that:
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14) Which of the following statements most closel\ applies to the labour force participation decision? A) It doesn't include unemplo\ed workers. B) It occurs when one is activel\ seeking work. C) It includes paid and unpaid work. D) It consists of the choice to allocate a portion of one's time to labour market activities as opposed to non-market activities. E) It occurs when one accepts an emplo\ment position and is working. Answer: D

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