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F
________** eatherbedding** is the work rules that increase the amount of labor required to produce a given quantity of output; may actually decrease the demand for labor.
minimum wage
The ________ decreases the quantity of labor restaurants use by 1, 000 hours per day.
Poverty rates
________ are lower for more- educated workers.
US government
The ________ defines a poor household as one with a total income less than the amount required to satisfy the "minimum needs "of the household.
supply curve
A** market ________ for labor** is a curve showing the relationship between the wage and the quantity of labor supplied.
reduction rate
The** benefit ________** is when a recipient earns market income, the welfare payment decreases by a rate that varies from state to state.
substitution effect
A** ________ for leisure demand** is the change in leisure time resulting from a change in the wage (the price for leisure) relative to the price of other goods.
MRP
An increase in the price of the output will increase the ________ of workers, shifting the entire demand curve for labor to the right:
output effect
The** ________** is the change in the quantity of labor demanded resulting from a change in the quantity of output produced.
Government policies
________ affect the distribution of income through taxes and transfer policies.
labor union
A** ________** is a group of workers organized to increase job security, improve working conditions, and increase wages and fringe benefits.
poverty rate
The ________ is relatively low for the aged and relatively high for children.
Note
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