The Lower the Elasticity of Demand for Labor

question 125

Multiple Choice

The lower the elasticity of demand for labor,

• A)the larger the cutback in labor for a given wage increase.
• B)the smaller the cutback in labor for a given wage increase.
• C)the higher the wage rate that a labor union receives for its membership.
• D)the lower the wage rate that a labor union receives for its membership.
• E)the more members of a given union.

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Definitions:

Evaluative Tendency

The predisposition of a person to judge something as good or bad in a consistent manner over time.

Specific Object

An identifiable entity distinguished by particular characteristics.

Attitudes Function

The role that attitudes play in influencing how we respond to people, objects, and situations.

Behaviour Origin

The source or cause of an individual's actions, often examined in psychology to understand motivations and personality.