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Why the supply curve of labor is upward-sloping

Assignment Help Microeconomics
Reference no: EM132337529

Question: Respond to the following in a minimum of 275 words:

• Discuss at least two self-interested reasons that a top earner might favor policies to redistribute income.

• Discuss why the supply curve of labor for any specific occupation is likely to be upward-sloping, even if, for the economy as a whole, people work fewer hours when wage rates increase.

Reference no: EM132337529

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