Examlex
When an earthquake occurs, the point of initial energy release is called the earthquake's ______________.
Primary Labor Market
Refers to sectors that offer high wages, good benefits, and stable employment, contrasting with the secondary labor market.
Semiskilled Labor
Workforce individuals possessing some training and skills but less than that required for skilled labor, often involving manual or repetitive tasks.
Backward-Bending
Refers to the portion of a labor supply curve that bends backward at higher wage levels, indicating a decrease in labor supply as wages increase beyond a certain point.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
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