Answer:
The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.
Explanation:
Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.
Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.
<span>He has committed "twisting".</span>
<span>
Twisting is intentionally putting forth deceptive
expressions that would make a insured to lapse, appoint, or end insurance
policy with a specific end goal to switch companies or policies. It is the
demonstration of initiating or endeavor to instigate a policy owner to drop a
current policy and to take another policy by utilizing deceptions or fragmented
correlations of the focal points of the two policies.</span>
Answer:
B) not transferable to other types of production and can only be used for the product in question
Explanation:
Specific factor of production is a factor of production that is majorly specific and relevant to a particular industry for production, and as such cannot be transferred or moved to another industry. For example, skilled workers in sericulture are specifically trained to serve as a labor factor of production in agriculture or agro-based industry, and would be difficult to be relevant in an automobile industry. Such skilled workers are immobile between both industries.
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
