An Increase in the Supply of Capital, Which Is a Substitute

question 33

True/False

An increase in the supply of capital, which is a substitute to labor, will lead to a decrease in the demand for labor.

---

Definitions:

Income Pyramid

A model that illustrates the distribution of income across different segments of the population, usually showing a large base of low-income earners and a small top of high-income earners.

Socioeconomic Group

A categorization of individuals or communities based on their social and economic conditions, often considered in terms of income, education, employment, and social status.

Global Economy

The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments.

Dambisa Moyo

An international economist and author known for her work on global economic issues, including aid, poverty, and global financial systems.