Population increases, all other things unchanged, tend to: A) reduce wages. B) increase wages. C) leave wages unchanged. D) increase the MFC_L.

Name: Population increases, all other things unchanged, tend to: A) reduce wages. B) increase wages. C) leave wages unchanged. D) increase the MFC L .
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Question

Quizplus · Accepted Answer

Population increases, all other things being equal, tend to reduce wages due to the increased supply of labor, which can lead to more competition for jobs and downward pressure on wages.

Population Increases, All Other Things Unchanged, Tend To