The Demand Curve for a Human Resource Will Be More

question 167

Multiple Choice

The demand curve for a human resource will be more elastic the

• A) more and better substitutes are available for it.
• B) more difficult it is to substitute other resources for it.
• C) more inelastic the demand for the product the resource is used to produce.
• D) shorter the time period under consideration.

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Definitions:

Effective Global Leader

An individual with the ability to influence and guide people from various cultural backgrounds, acknowledging global diversities and adopting a universally respectful approach.

Different Cultures

Diverse traditions, customs, lifestyles, and values practiced and held by people from various backgrounds.

Personal Integrity

A demonstration of honesty and high ethical standards in work.

Moral Principle

A fundamental truth or proposition serving as a basis for ethical behavior and decision-making.