This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: It is said that a wage increase can have two opposing effects. Which of the following captures these ... (Read 84 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
 a. A backward-bending labor-supply curve
  b. A perfectly elastic labor-supply curve
  c. A perfectly inelastic labor-supply curve
  d. A perfectly elastic labor-demand curve
  e. A backward-bending labor-demand curve

Question 2

Which of the following is a determinant of price elasticity of demand?
 a. Availability of substitute goods
  b. Excess capacity
  c. Scale of production
  d. Inventories
  e. Cost of production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
Excellent

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Effects of nursing rounds on patient safety Effects of nursing rounds on patient safety
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Effects of Earth’s Changing Orientation: Solar Angle Effects of Earth’s Changing Orientation: Solar Angle
Common Adverse Effects of Corticosteroids Common Adverse Effects of Corticosteroids
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Global air circulation patterns and their effects on climate. Global air circulation patterns and their effects on climate.
Video: Heart Chambers

For a complete list of videos, visit our video library