An Increase in the Supply of Labour in an Industry

question 10

True/False

An increase in the supply of labour in an industry is likely to lead to a lower wage and a higher number of people employed.

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Definitions:

Jargon

Specialized or technical language used by a particular group, often difficult for outsiders to understand.

Manipulating Information

The deliberate alteration or presentation of data or facts in a way that influences perceptions or outcomes in one's favor.

Received Favorably

The situation where an idea, proposal, or action is welcomed or accepted positively by others.

Carl Rogers

A significant figure in psychology, best known for developing the client-centered (or person-centered) approach to therapy, emphasizing the importance of empathy, unconditional positive regard, and the client's potential for self-directed growth.