All of the Following Make the Demand for Labor More

question 320

Multiple Choice

All of the following make the demand for labor more elastic EXCEPT

• A) greater elasticity of demand for the final product.
• B) the longer the time period under consideration.
• C) the smaller the proportion of total costs accounted for by labor.
• D) the easier it is to substitute another input for labor.

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Definitions:

Distributed Term

In logic, a term in a categorical proposition that applies to all members of the category it refers to.

Validity Rules

Guidelines and principles used in logic to determine whether arguments are valid, ensuring that the conclusion necessarily follows from the premises.

Validity Rules

Guidelines or principles used to determine whether an argument or reasoning process is logically sound and its conclusions are based on true premises.

Existential Import

The implication that a statement makes about the existence of the subjects it mentions.