Which of the following summarizes the impact of population growth on the labor market?
A) This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.
B) There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change.
C) There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease.
D) There will be an increase in the demand for jobs. This will result in an increase in the equilibrium wage rate and a movement along the labor supply curve.
Question 2
Early adopters are consumers who will pay a high price to be among the first to own new products.
Indicate whether the statement is true or false
Population Growth
The impact of climate change is greater in some areas than in others
Growth of Government Spending, 1870–2009
Relationship Between Income per Capita and Population Growth
Demographic transition model for changes in population growth rates and sizes, correlated with long-
Early growth of corn (Zea mays), a typical monocot.