When the Elasticity of Substitution Between Capital and Labor Is

question 7

Multiple Choice

When the elasticity of substitution between capital and labor is low,:

• A)labor demand will be price elastic.
• B)labor demand will be price inelastic.
• C)the capital-labor ratio will be low.
• D)the labor demand curve will be a flat line.

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Definitions:

Spermicide

A contraceptive substance that destroys sperm, used alone or with other forms of birth control to prevent pregnancy.

Seminiferous Tubules

Narrow, coiled tubules within the testes where spermatogenesis, the production of sperm cells, occurs.

Spermatozoa

Male reproductive cells, or sperm, responsible for fertilizing the female ovum.

Cryptorchidism

A condition where one or both of the testes fail to descend from the abdomen into the scrotum in male infants.