Examlex

Solved

The Income Elasticity of Demand for Skiing Trips to Vermont

question 294

Multiple Choice

The income elasticity of demand for skiing trips to Vermont is greater than one.Thus a trip to Vermont for skiing is ________ good.


Definitions:

Strike

A work stoppage caused by the mass refusal of employees to work, usually to protest against employment conditions.

Lockout

An action taken by employers to pressurize the employees or union members by shutting down the workplace, typically used during a labor dispute.

Picketing

A form of protest in which individuals congregate outside a business or workplace to express grievances or demand changes.

Rights Dispute

A disagreement or conflict arising over the entitlement, power, or freedom claimed by one or more parties.

Related Questions