Which of the Following Events Would Lead to an Increase

question 103

Multiple Choice

Which of the following events would lead to an increase in the supply of labor?

• A)The price of a firm's product increases.
• B)A country experiences an increase in immigrant labor.
• C)The development of a new labor-augmenting technology.
• D)All of the above are correct.

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Definitions:

Racial/Ethnic Diversity

The presence and inclusion of individuals from different racial and ethnic backgrounds within a community, organization, or society.

Older Workers

Individuals in the workforce who are above the usual age for retirement, typically demonstrating extensive experience and knowledge.

Older Employees

Workers who are advanced in age, often bringing extensive experience and knowledge to the workplace, but possibly facing age-related biases.

Part-Time

Employment where the worker is hired for fewer hours per week compared to full-time positions, often offering greater flexibility.