The US Department of Labor Projects Which Trend in Workforce Composition

question 52

Multiple Choice

The U.S. Department of Labor projects which trend in workforce composition?

• A) Increased numbers of Hispanic workers
• B) Decreased average age
• C) Decreased numbers of Black and Asians workers
• D) Increased participation of women in the workforce

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Definitions:

Competitive Markets

Markets characterized by a large number of sellers and buyers, which helps ensure fair prices and efficient distribution of goods and services.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively excluding others from using it, often leading to free-rider problems.

Public Good

Goods that are non-excludable and non-rivalrous, meaning that consumption by one individual does not reduce availability to others, and people cannot be prevented from using them.

Consumption

The act of using goods and services by households.