Two Factors That Likely Contribute to the Increase in Part-Time

question 98

True/False

Two factors that likely contribute to the increase in part-time employment are higher demand in the service industries and the growing number of women in the labour force.

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Definitions:

Simultaneous Game

A strategic situation where all players make their decisions or choose their actions at the same time.

Pricing Games

Strategic maneuvers or tactics used by companies to set prices in a way that maximizes profit or market share, often considering the actions of competitors.

Allocatively Inefficient

A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.

Productively Inefficient

A situation in which a producer cannot produce a desired output at the lowest possible cost, indicating a waste of resources.