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
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