Which of the Following Summarises the Impact of Population Growth

question 226

Multiple Choice

Which of the following summarises the impact of population growth on the labour market?

• A)This will increase the labour supply, reduce the equilibrium wage and increase the quantity of labour demanded.
• B)There will be an increase in the demand for labour.As a result, the wage rate will rise and the quantity of workers supplied will decrease.
• C)There will be an increase in the demand for jobs.This will result in an increase in the equilibrium wage rate and a movement along the labour supply curve.
• D)There will be an increase in both the demand for labour and the supply of labour.As a result, the equilibrium wage will not change.

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Definitions:

Invention

The creation of a new product, service, or process, often one that has never been made before, resulting from study and experimentation.

Diffusion

Diffusion in social sciences refers to the process by which an innovation is communicated through certain channels over time among the members of a social system.

Entrepreneurs

Individuals who create, organize, and manage a business venture, taking on financial risk to do so.

Scientific Output

The measurable contributions and results from research activities, often including publications, patents, and new technologies.