Which of the following are elements that help define the supply of labor?
A)The size of the population.
B)Immigration.
C)The rate of labor-force participation.
D)The standard numbers of hours worked per week.
E)All of the above.

Question

Quizplus · Accepted Answer

All of the listed elements contribute to defining the supply of labor. The size of the population determines the total number of potential workers available. Immigration can also increase the number of workers available in a particular area. The rate of labor-force participation refers to the percentage of the population that is actively seeking employment, which affects the overall labor supply. Finally, the standard number of hours worked per week can also impact the available supply of labor.

Which of the Following Are Elements That Help Define the Supply