All Else Equal, If Job Turnover Has People Leaving Jobs

question 235

Multiple Choice

All else equal, if job turnover has people leaving jobs and finding new jobs in the same industry, this will

• A)increase the demand for labour and the supply of labour.
• B)increase the demand for labour and decrease the supply of labour.
• C)decrease the supply of labour, but not change the demand for labour.
• D)not change demand or supply in the labour market.

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Definitions:

Social Change

The transformation over time of cultural values, norms, and social structures, leading to significant shifts in society.

Social Competition

Group-based behavioural strategies that improve social identity by directly confronting the dominant group’s position in society.

Social Creativity

A strategy used by individuals or groups to reframe or reinterpret their social identity in more positive or advantageous terms.

Individual Mobility

Individual mobility refers to the ability and extent to which individuals can move within or between social, economical, or geographical boundaries.