Which of the Following Would Reduce the Labor Force Participation

question 129

Multiple Choice

Which of the following would reduce the labor force participation rate,all else equal?

• A)an increase in the number of people in the labor force
• B)an increase in the unemployment rate
• C)a decrease in the unemployment rate
• D)an increase in the working-age population

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Definitions:

Opportunity Cost

The disqualification of possible advantages obtainable from other scenarios when one is embraced.

Motorcycles

Two-wheeled motor vehicles that are often used for transportation, recreation, or sport, known for their maneuverability and speed.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using energy stored in batteries.

Opportunity Cost

Opportunity Cost is the value of the next best alternative foregone as the result of making a decision.