Which of the Following Statements Is True

question 42

Multiple Choice

Which of the following statements is true?

• A)The fewer the substitute factors for union labor, the higher the elasticity of demand for union labor, and the smaller the cutback in union labor for any given wage increase.
• B)The fewer the substitute factors for union labor, the lower the elasticity of demand for union labor, and the larger the cutback in union labor for any given wage increase.
• C)The more the substitute factors for union labor, the higher the elasticity of demand for union labor, and the smaller the cutback in union labor for any given wage increase.
• D)The more the substitute factors for union labor, the higher the elasticity of demand for union labor, and the larger the cutback in union labor for any given wage increase.
• E)none of the above

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Definitions:

Fixed-Ratio Schedule

A reinforcement strategy in behavioral psychology where a response is rewarded only after a specified number of responses.

Continuous

Pertaining to an uninterrupted occurrence or operation over time.

Fixed-Interval

A schedule of reinforcement where the first response after a specified amount of time has elapsed is rewarded.

Fixed Mindset

The belief that one's abilities, intelligence, and talents are fixed traits and cannot be significantly developed or improved.