The supply of human capital to a particular use is
A) perfectly inelastic in the short run.
B) perfectly elastic in the long run.
C) more inelastic in the short run since it takes time for persons to acquire a particular skill.
D) more elastic in the short run since individuals who already possess the particular skill can be attracted into the labor force in the short run.

Question

Quizplus · Accepted Answer

In the short run, the supply of human capital is more inelastic because it takes time for individuals to acquire the necessary skills and training for a particular use.

The Supply of Human Capital to a Particular Use Is