Which of the Following Statements Is Correct

question 29

Multiple Choice

Which of the following statements is correct?

• A) When human capital increases, the demand for labor curve shifts leftward.
• B) When workers become more productive, the demand for labor curve shifts rightward.
• C) When technology decreases, the supply of labor curve shifts leftward.
• D) When labor force participation increases, the supply of labor curve shifts leftward.

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Definitions:

Networks

Systems consisting of interconnected individuals or organizations that exchange information, resources, or services.

Concepts

Are abstract terms used to organize concrete experience.

Examples

Specific instances or cases used to illustrate or explain a broader concept or principle.

Inefficiencies

The lack of effectiveness or productivity in a system, process, or mechanism, leading to waste or the failure to achieve potential output.