The short-run supply of a human resource will be more elastic the
A) more elastic the demand for the product to be produced.
B) more inelastic the demand for the product to be produced.
C) lower the skill level necessary to perform the job.
D) harder it is to acquire the skill and knowledge necessary to provide the resource.

Question

Quizplus · Accepted Answer

If the skill level necessary to perform the job is lower, it is easier to find individuals with the necessary skills to provide the resource, which makes the short-run supply more elastic. On the other hand, options A, B, and D are related to the demand and acquisition of the resource, not to the supply. Therefore, they are not relevant to determining the elasticity of the short-run supply.

The Short-Run Supply of a Human Resource Will Be More