The price elasticity of demand for labor will depend upon all but the
A) price elasticity of demand for the final product.
B) price elasticity of supply for the final product.
C) time period being considered.
D) availability of substitutes for inputs.
B
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A situation where a member of Congress votes to approve a bill in exchange for favorable votes from other members on other bills is called
A) logrolling. B) special interest legislation. C) regulatory capture. D) rent seeking.
Marginally attached workers
A) are not looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. B) are working part-time, but they want full-time work. C) don't have jobs and are pessimistic about their chances of finding a suitable job. D) have a bad attitude towards work.