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What is labor mobility?
Labor mobility refers to the ease with which people can take advantage of new economic opportunities.
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Asked 4/3/2014 1:04:31 PM
Updated 4/3/2014 1:23:08 PM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [4/3/2014 1:23:06 PM], Confirmed by yumdrea [4/3/2014 1:23:08 PM]
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define elasticity
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Updated 4/2/2014 7:05:02 PM
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In economics, elasticity is the measurement of how responsive an economic variable is to a change in another.
Added 4/2/2014 7:01:54 PM
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Confirmed by yumdrea [4/2/2014 7:06:07 PM]
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income effect
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Updated 3/28/2014 1:31:48 PM
1 Answer/Comment
The income effect is the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
Added 3/28/2014 1:31:48 PM
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