Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Physical and human capital investments are<br>A) different
Q83: If the marginal revenue product of the
Q84: The figure below depicts a production function
Q85: As the price of a resource decreases,<br>A)
Q86: Use the figure to answer the following
Q88: If coal and oil are substitute inputs
Q89: Use the information in the table below
Q90: Generally, the supply of a resource in
Q91: An increase in the demand for automobiles
Q92: As the price paid to a resource