How Will an Increase in Population Affect the Labour Market

question 73

Multiple Choice

How will an increase in population affect the labour market?

• A)It will shift the market supply curve.
• B)It will cause a decrease in the quantity of labour demanded.
• C)It will increase the supply of jobs.
• D)It will increase the opportunity cost of leisure.

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Definitions:

Diversification

A strategy of investing in a variety of assets to reduce overall risk.

Acquisition

The process of obtaining control of another company or asset through purchase or agreement.

Global Expansion

The strategic growth of a company beyond its home country, entering new markets to increase market share, diversify, and achieve economies of scale.

Growth Strategy

A strategy that involves expansion of the organization’s current operations.