1)The demand for labor is derived from the demand for labor unions

Subject:EconomicsPrice:2.88 Bought3

Share With

1)The demand for labor is derived from the demand for labor unions.

True

False

2)The demand for labor is derived from the demand for the products produced by labor.

True

False

3)The greater (higher) the wage elasticity of demand, the:

A. greater the proportion of capital costs to labor costs in the production of goods.

B. greater the price elasticity for the product produced by labor.

C. the smaller the number of substitutes for labor.

D. the smaller the time period.

E. the smaller the proportion of labor costs to total costs.