Asked by Kaitlynn Whitworth on May 20, 2024
Verified
Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings.One reason for this is to:
A) restrict the supply of construction workers.
B) increase the elasticity of demand for construction workers.
C) increase the demand for construction workers.
D) increase the price of substitute inputs.
Elasticity Of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, showcasing consumer sensitivity to price changes.
Political Lobbying
The act of attempting to influence decisions made by officials in the government, most often legislators or members of regulatory agencies.
- Grasp the rationale behind and the effects of political lobbying on labor demand, particularly in specific sectors like construction.
Verified Answer
SA
stephen angelesMay 24, 2024
Final Answer :
C
Explanation :
By lobbying for greater public spending on highways and public buildings, construction workers are advocating for more construction projects which in turn increases the demand for their services.
Learning Objectives
- Grasp the rationale behind and the effects of political lobbying on labor demand, particularly in specific sectors like construction.