Other Things Being Equal, the Elasticity of Demand for Labor

question 260

Multiple Choice

Other things being equal, the elasticity of demand for labor will be greater the

• A)smaller the proportion of total costs accountable for by labor costs.
• B)smaller the elasticity of demand for the product it produces.
• C)larger the number of close substitute resources available.
• D)more rapid the decline in its marginal productivity.

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Definitions:

Loaded Question

A question that contains a controversial or unjustified assumption, making it difficult to answer without bias.

Begging the Question

Begging the question is a logical fallacy where the conclusion of an argument is assumed in one of its premises, essentially arguing in a circle without providing proof.

Independent Premises

Arguments or statements that support a conclusion but do not rely on each other to do so.

Fallacy of Division

This logical fallacy assumes that what is true of a whole must also be true of its parts. For example, assuming that because a car is heavy, each part of the car must also be heavy.