Which of the Following Factors Has Significantly Increased the Supply

question 89

Multiple Choice

Which of the following factors has significantly increased the supply of labor in the United States since 1950?

• A)a large increase in the substitution effect as a result of higher wages
• B)a low birth rate and an aging population
• C)an increase in the number of people who have received college degrees
• D)an increase in the labor force participation rate of women

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Definitions:

Directly Conflicts

Occurs when two or more elements or interests are in opposition, creating a scenario where the satisfaction of one necessarily leads to the dissatisfaction of the other(s).

Ethical Overtones

Refers to the subtle or explicit moral implications or messages present in actions, decisions, or narratives.

Multifaceted Approach

An approach or strategy that incorporates multiple perspectives or components to address a problem or achieve a goal.

Utilitarianism

A theory in ethics and philosophy that states the best action is the one that maximizes utility, primarily defined in terms of well-being and happiness.