The Supply of Human Capital to a Particular Use Is

question 87

Multiple Choice

The supply of human capital to a particular use is

• A) perfectly inelastic in the short run.
• B) perfectly elastic in the long run.
• C) more inelastic in the short run since it takes time for persons to acquire a particular skill.
• D) more elastic in the short run since individuals who already possess the particular skill can be attracted into the labor force in the short run.

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Definitions:

Externally Restricted Fund

Funds designated for a specific purpose by an external party or donor, limiting the fund's use by the receiving organization.

NFP Organization

A not-for-profit organization (NFP) is a type of organization that does not earn profits for its owners. All the money earned by or donated to an NFP is used in pursuing the organization's objectives and keeping it operational.

Endowment Fund

A fund where the principal amount is kept intact while the investment income is used for specific purposes, often found in non-profits and educational institutions.

Principal Amount

The initial size of a loan or bond or the amount deposited, excluding any interest or earnings.