Which of the following statements is true?
A) All else being equal, the incentive to look for a job is higher for an individual with a lower opportunity cost of time.
B) All else being equal, the incentive to look for a job is lower for an individual with a lower opportunity cost of time.
C) All else being equal, a worker who earned a higher income previously but is now unemployed will have a lower opportunity cost of time than someone who had a lower income but is now unemployed.
D) All else being equal, a worker who earned a higher income previously but is now unemployed will have the same opportunity cost of time as someone who had a lower income but is now unemployed.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true?
A) All else being equal, the incentive to look for a job is higher for an individual with a lower opportunity cost of time.
B) All else being equal, the incentive to look for a job is lower for an individual with a lower opportunity cost of time.
C) All else being equal, a worker who earned a higher income previously but is now unemployed will have a lower opportunity cost of time than someone who had a lower income but is now unemployed.
D) All else being equal, a worker who earned a higher income previously but is now unemployed will have the same opportunity cost of time as someone who had a lower income but is now unemployed.

Which of the Following Statements Is True