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Author Question: If government-assured medical and other benefits increase the labor costs, everything else remaining ... (Read 54 times)

kaid0807

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


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kaid0807

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Reply #2 on: Jun 30, 2018
Thank you


macybarnes

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Reply #3 on: Jun 30, 2018
No problemo


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