You Have Advertised in the Local Newspaper for an Electrician

question 37

Multiple Choice

You have advertised in the local newspaper for an electrician, however you have not had a good response. In order to expand your recruiting efforts you may want to try all of the following approaches EXCEPT:

• A) Hold a career fair at a local trade school.
• B) Contact the local unemployment office to post the job.
• C) Offer an internal transfer to a current employee who needs to be trained.
• D) Contact a local employer who you know may be laying off electricians.
• E) Offer an employee referral bonus program.

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Definitions:

Perfectly Inelastic

A demand scenario where the quantity demanded does not change regardless of price fluctuations.

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumers' income.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, in contrast to a normal good.

One-Of-A-Kind

An item or phenomenon that is unique and has no identical counterpart.