Which of the Following Summarizes the Impact of Population Growth

question 109

Multiple Choice

Which of the following summarizes the impact of population growth on the labor market?

• A)This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.
• B)There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease.
• C)There will be an increase in the demand for jobs. This will result in an increase in the equilibrium wage rate and a movement along the labor supply curve.
• D)There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change.

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Definitions:

Capital Intensity Ratio

A financial metric indicating the amount of capital needed per unit of revenue, typically used to assess the business model's reliance on physical capital.

Total Assets

Represents the sum of everything of value owned by a company, including cash, investments, property, and equipment.

Sales

The exchange of goods or services for money, representing the primary source of revenue for most businesses.

Fixed Asset Account

A financial account that tracks the cost and depreciation of assets a company uses over a long period.