Which of the Following Factors Has Significantly Increased the Supply

question 89

Multiple Choice

Which of the following factors has significantly increased the supply of labor in the United States since 1950?

• A)a large increase in the substitution effect as a result of higher wages
• B)a low birth rate and an aging population
• C)an increase in the number of people who have received college degrees
• D)an increase in the labor force participation rate of women

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Definitions:

Voluntary Nonexchange Transactions

Transactions where an entity voluntarily gives or receives value without directly receiving or giving equal value in exchange.

Fund

A pool of money set aside for a specific purpose or managed to generate financial returns.

Property Taxes

Taxes charged by local governments on real estate and sometimes personal property, based on the assessed value of the property.

Special Assessment

A charge that local governments impose on property owners to fund specific projects, such as infrastructure improvements, which directly benefit the property owners.