The more elastic the demand for the good labor produces, the less elastic the demand for labor.
Answer the following statement true (T) or false (F)
False
The (derived) demand for labor is more elastic when product demand is more elastic.
Economics
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Which of the following observations concerning leading economic indicators is true? a. They provide warnings of likely downturns
b. They provide accurate information on the depth of a downturn. c. They provide accurate information on the duration of a downturn. d. Both b. and c. are true.
Economics
If a increase in income decreases the demand for a good, then the good is a(n)
a. substitute good. b. complementary good. c. normal good. d. inferior good.
Economics