Which will NOT affect the elasticity of demand for labor?
A) the labor intensity of the production process
B) the elasticity of supply for labor
C) the elasticity of demand for the good
D) the substitutability of capital for labor
B
Economics
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Which of the following will not affect the size of a nation's physical or human capital stock?
a. A new factory is constructed b. A new machine is installed in company's plant. c. An eighteen-year-old enrolls in college as a full-time student. d. All of the above affect the size of a nation's capital stock.
Economics
Which of the following would be included in the consumption component of GDP?
a. Movie ticket sales b. Purchase of a new home c. Purchase of used clothes d. Purchase of a baseball card collection at a yard sale e. Purchase of a chain saw at an auction
Economics