Which of the following affects a person's decision to work?
A) the price of consumption goods relative to the wage
B) the person's income from nonlabor sources
C) how much the person enjoys working
D) the amount of fringe benefits offered to the person
E) All of the above affect a person's decision to work.

Question

Quizplus · Accepted Answer

All the options listed influence an individual's decision to work. The price of consumption goods relative to the wage affects the real income and purchasing power of the wage. Income from nonlabor sources can affect the necessity and desire to work. Personal enjoyment of work can motivate or demotivate an individual from seeking employment. Fringe benefits can make a position more attractive, influencing the decision to work.

Which of the Following Affects a Person's Decision to Work