If the Demand for Labour Is Unchanged, Population Growth Will

question 115

True/False

If the demand for labour is unchanged, population growth will increase the supply of labour and increase the equilibrium wage.

---

Definitions:

Social Categorization

The process by which individuals classify others into groups based on shared characteristics, which influences perceptions and relationships.

Competition

Competition is a situation where individuals or groups strive against each other to achieve a goal or receive a reward that is not universally obtainable.

Scapegoating

The practice of unfairly blaming an individual or group for problems or negative outcomes, often to deflect responsibility or criticism from oneself or one's group.

Differentiation

The process of distinguishing or creating variations among people or things, often to cater to different needs or objectives.