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:

Governor Cut-out

A device or system that limits the maximum speed of an engine or machine by cutting out fuel supply or otherwise preventing acceleration beyond a preset limit.

Unloader Circuit

a hydraulic or pneumatic circuit designed to relieve pressure or unload fluid from one area of the system to another, often for safety or efficiency.

Oxy-acetylene Torch

A tool that mixes oxygen and acetylene gas to produce a very hot flame, used for welding and cutting metals.

Main Spring

The primary spring in a mechanical system, providing the chief source of motion or force.