Which One of the Following Is NOT True About Labor

question 18

Multiple Choice

Which one of the following is NOT true about labor participation rate?

• A)Labor participation rate for younger workers is expected to decline.
• B)Labor participation rate for older workers is expected to rise.
• C)Labor participation rate for women is expected to increase slightly.
• D)Labor participation rate for men is expected to increase slightly.

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Definitions:

Input Market

The market where resources or inputs such as labor, materials, and capital are bought and sold, allowing businesses to produce goods and services.

Households

Entities consisting of one person or a group of people who share living accommodations and make joint or separate decisions in consumption and investment.

Normal Good

A Normal Good is a type of good for which demand increases when the income of the consumer increases and falls when the income decreases, assuming the price remains constant.

Factor Market

A marketplace for the services of a factor of production, such as labor, capital, and land.