A person who makes good for the people is called Producer. The people who consumes his goods are called the Consumers.
Suppose there is a bakery in an area who sells fantastic cookies to the people. People who are making the cookies in the bakery are the producers of that product. So consumers may say that this bakery is the producer of best cookies in town.
Answer:
The greater labor's share of production costs, the <u>higher</u> elasticity of demand for labor.
When labor costs are a high share of total production costs, the elasticity of labor demand is higher. For example, customer service jobs like fast foods, or gas pumping, have high labor costs as a percentage of total production costs, and these sectors have a very elastic labor demand.
you would expect the demand for human ski instructors to be less elastic the demand for human factory workers.
In the year 2035, with robots having replaced most humans in factory jobs, occupations such as ski instructor, or dance instructor, or musician, would have a low labor demand elasticity because these skills are not easily learned, or easily replicated by a robot, meaning that the humans specialized in those jobs will be more demanded, and the demand for their labor will be more stable.
Answer:
A line-of-credit loan- C.
It would be B. I know this due to my sister just going to college and having to focus on the price range.