Juanita quit her job to move to Santa Fe to be closer to her family. She is actively looking for a new job in Santa Fe. Juanita is considered

A) frictionally unemployed. B) structurally unemployed.
C) not to be unemployed. D) cyclically unemployed.

A

Economics

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The price elasticity of demand for labor will be greater, the

A) greater is the price elasticity of demand for the final product. B) more difficult it is to employ substitute inputs in production. C) smaller is the proportion of wage costs in the total cost of production. D) shorter is the time period under examination.

Economics

Suppose capital and labor must be used in fixed proportions to produce widgets and that the price elasticity of demand for widgets is zero. Then the wage elasticity of demand for labor by widget makers will be

a. +1. b. ?1. c. 0. d. infinite.

Economics