If More Jobs Are Created Than Destroyed on Average, Then

question 15

True/False

If more jobs are created than destroyed on average, then according to the labor-supply-and-demand model, more people are employed, and the real wage will increase.

---

Definitions:

Public Good

A provision of goods or services to everyone in a society, not aiming for profit, and supplied by the government, private individuals, or organizations.

Marginal Cost

The price of creating an additional unit of a good or service.

Mohair Loan Subsidies

Financial support programs specifically targeting the mohair industry, often to assist farmers or producers with loans at favorable rates.

Angora Goat

A breed of goat known for its soft, long wool called mohair, originally from Ankara, Turkey.