Which of the Following Best Describes What Has Happened to the U.S.labor

question 21

Multiple Choice

Which of the following best describes what has happened to the U.S.labor supply and labor demand over the past 50 years?

• A) Labor supply increased and labor demand decreased.
• B) Both labor supply and labor demand decreased.
• C) Labor supply did not change but labor demand increased.
• D) Both labor supply and labor demand increased.
• E) Labor supply increased but labor demand did not change.

---

Definitions:

Adoption Credit

A tax credit that offsets qualified adoption expenses, making adoption financially more accessible for families.

Qualified Expenses

Expenditures that may be eligible for tax deductions or credits, often related to education, healthcare, or investments.

Child and Dependent Care Credit

A tax credit offered to taxpayers to offset some of the costs of care for a qualifying dependent or child, to allow the taxpayer to work or look for work.

Qualified Day Care Center

A childcare facility that meets specific regulatory standards and qualifications to be recognized for certain tax benefits.