The elasticity of supply of labour will be greater when
A) changing jobs is very difficult.
B) big wage increases are on offer.
C) the cost of changing jobs is very high.
D) more time has passed.
Correct Answer:
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Q7: The substitution effect of higher wages suggests
Q8: Economists call the sacrifice involved in working
Q9: As the wage rate per hour increases,
Q10: Assuming leisure is a normal good, if
Q11: If the income effect is smaller than
Q13: The elasticity of supply of labour is
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Q15: Geographical immobility of labour is caused by
A)
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Q17: Occupational immobility is not caused by
A) low
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