Question
1. When the relative labor supply of two groups changes, this has no effect on the relative wages of the two groups What does this
1. "When the relative labor supply of two groups changes, this has no effect on the relative wages of the two groups" What does this describe?
a. Perfect Subsititutes
b. Cobb-Douglas
c. Perfect Complements
2."When the relative wages of two groups changes, this has no effect on the ratios of labor used by a firm for the two groups"
What does this describe?
a. Perfect Subsititutes
b. Cobb-Douglas
c. Perfect Complements
"When the relative labor supply of two groups changes, this has a proportional change on the relative wages of the two groups" What does this describe?
a. Perfect Subsititutes
b. Cobb-Douglas
c. Perfect Complements
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Understanding Cross Cultural Management
Authors: Marie Joelle Browaeys, Roger Price
3rd Edition
1292015896, 978-1292015897
