Answer the question(s)on the basis of the following table:

-Refer to the above information to answer this question.What will happen if the labour participation rate increases?
A)1 and A
B)2 and B
C)2 and C
D)3 and A

Question

Answer the question(s)on the basis of the following table:
 
-Refer to the above information to answer this question.What will happen if the labour participation rate increases?
A)1 and A 
B)2 and B 
C)2 and C 
D)3 and A

Quizplus · Accepted Answer

If the labour participation rate increases, it means that more people are entering the workforce. This will lead to an increase in the supply of labour, which will in turn lead to a decrease in wages.

Answer the Question(s)on the Basis of the Following Table