Author Question: If government-assured medical and other benefits increase the labor costs, everything else remaining ... (Read 44 times)

kaid0807

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If government-assured medical and other benefits increase the labor costs, everything else remaining constant, then firms will tend to hire more of the other resources instead of labor.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the percentage change in the quantity demanded of a good is greater than the percentage change in the price of the good, then the demand for the good is _____.
 a. inelastic
  b. relatively elastic
  c. unit-elastic
  d. perfectly inelastic
  e. income elastic



macybarnes

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Answer to Question 1

True

Answer to Question 2

b



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