Suppose the Labor Force Stays Constant,and the Working-Age Population Stays

question 15

Multiple Choice

Suppose the labor force stays constant,and the working-age population stays constant,but a greater number of persons who were unemployed become employed.The labor force participation rate will

• A)increase.
• B)decrease.
• C)remain constant.
• D)not change in a way that can be predicted.

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Definitions:

Internal Labor Markets

Employment markets within a company that prioritize the hiring and promotion of existing employees over external candidates.

Work Autonomy

The degree of freedom and independence an individual has in their job, especially regarding their tasks and how they complete them.

Specialized Knowledge

Expertise or skills focused on a particular area or discipline.

Secondary Labor Market

A segment of the labor market consisting of low-paying jobs with poor working conditions, minimal job security, and little potential for advancement, often contrasted with the primary labor market.