A Vertical Supply Curve of a Factor Indicates That

question 195

Multiple Choice

A vertical supply curve of a factor indicates that

• A)the demand for the factor will vary directly with the price of the factor.
• B)the supply of the factor is perfectly elastic.
• C)the factor has zero opportunity cost.
• D)a government restriction has been imposed on the purchase of the factor.

---

Definitions:

Coaching

A developmental process where an experienced individual, known as a coach, supports a learner in achieving a specific personal or professional goal.

Training

The process of teaching or learning specific skills or behaviors, aimed at improving ability or efficiency.

Department Jobs

Refers to the specific roles or positions available within a department of an organization, each with its own set of responsibilities and requirements.

Law of Empathy

A concept suggesting that understanding and sharing the feelings of others can improve communication and relationships.