Full income and labor turnover

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Reference no: EM13831856

1. Labor turnover during periods of economic expansion is largely the result of:

A. higher rates of job quits during an expansion.

B. higher rates of layoffs during an expansion.

C. rising educational attainment for women.

D. rising divorce rates.

2. If leisure is a normal good, an increase in nonlabor income will cause the quantity of labor supplied to:

A. increase.

B. decrease.

C. remain the same.

D. change in an unpredictable manner.

3. Full income =

A. the value of leisure time consumed by an individual.

B. an individual's maximum earning potential.

C. a worker's total compensation.

D. the level of income that is sufficient to provide a comfortable standard of living.

Reference no: EM13831856

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