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:

Idea Generation

The act of producing, evolving, and conveying fresh notions or remedies.

Innovation Process

The series of steps involved in developing and implementing new ideas, products, or methods within an organization.

Identifying Advantages And Disadvantages

the process of analyzing the positive aspects and negative aspects of a situation or decision.

Societal Problem

Issues and challenges that affect a significant number of people within a society, threatening its cohesion, wellbeing, and progress.