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:

Delegates

Representatives elected or chosen to attend a conference or convention.

Economic Classes

Divisions within society based on wealth, income, occupation, and access to resources, contributing to differing social and political interests.

State Of Rebellion

A condition of defiance or resistance against established authority, often leading to conflict or upheaval.

Declaration Of Independence

A document adopted on July 4, 1776, in which the thirteen American colonies declared their independence from British rule.