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
Nursing diagnosis impact on nursing practice
Comparing Prison Inmates With The U.S. Population
Throughout history, technology has had an impact on families. Today is no exception.
The growth of GHG emissions is greatest in the rapidly growing economies of India and China
Human Population Growth
HIV in population worldwide