The Worker Adjustment and Retraining Notification Act Requires an Employer

question 68

Multiple Choice

The Worker Adjustment and Retraining Notification Act requires an employer to provide how much advance notice of a plant closing or mass layoff?

• A) Two weeks
• B) Thirty days
• C) Sixty days
• D) Ninety days

---

Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.

Demand Function

Indicates the relationship between the quantity of a good demanded by consumers and the good’s price.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Demand Function

A mathematical representation that describes the quantity of a good or service consumers are willing and able to purchase at various prices.