According to the Text, Which of the Following Factors Has

question 11

Multiple Choice

According to the text, which of the following factors has affected the labour force participation rate of Canadian women?

• A) There is less demand for service workers.
• B) There is a rising number of out-of-wedlock single mothers.
• C) There is an economic need for increased family income.
• D) There is a rising rate of female fertility.

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Definitions:

Quantity Supplied

The aggregate quantity of a product or service that suppliers are prepared and capable of selling at a particular price during a defined time frame.

Shortage

A condition where the quantity demanded of a good exceeds the quantity supplied at the market price.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.

Equilibrium Quantity

The amount of products or services that are provided and requested at the balance price.