Based on class discussion, the following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT: Hi, This is the entire question. It is not incomplete. Question 18 options: Low Skilled Labor has a more Elastic Demand than the High Skilled Labor sector. Low Skilled Labor has a more Inelastic Supply than the High Skilled Labor sector.
Based on class discussion, the following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT: Hi, This is the entire question. It is not incomplete. Question 18 options: Low Skilled Labor has a more Elastic Demand than the High Skilled Labor sector. Low Skilled Labor has a more Inelastic Supply than the High Skilled Labor sector.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 18SQ
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Question
Based on class discussion, the following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT:
Hi, This is the entire question. It is not incomplete.
Question 18 options:
|
Low Skilled Labor has a more Elastic Demand than the High Skilled Labor sector. |
|
Low Skilled Labor has a more Inelastic Supply than the High Skilled Labor sector. |
|
An aging population could lead to a contraction of the Labor Force and consequent increase of Wages in the market. |
|
Higher Pension Benefits will decline the motivation to work, with the consequent decline of market wages. |
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