Source: SOUTHERN FARM NETWORK, 1/30/18

Individuals have two major limits in pursuing what they want – time and money.   Unfortunately, usually to increase one, the other has to be decreased.  For example, to have more money, a person often has to work more hours.   But a solution to this trade-off is to earn more per hour.  So does this mean that when someone has a higher wage rate, they work fewer hours?

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