Which of the Following Summarizes the Impact of Population Growth

question 109

Multiple Choice

Which of the following summarizes the impact of population growth on the labor market?

• A)This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.
• B)There will be an increase in the demand for labor. 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 labor supply curve.
• D)There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change.

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Definitions:

Cohabitation

The act of living together and having a sexual relationship without being married.

Marital Satisfaction

The state of contentment and fulfillment experienced within a marital relationship, often measured through aspects such as emotional intimacy, communication, and mutual respect.

Trial Marriage

An arrangement in which a couple lives together for a period of time to decide if they want to marry, serving as a test of their compatibility.

Divorce Rates

The statistical measure indicating the number of divorces occurring among the population within a given time period.