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

Question

Quizplus · Accepted Answer

An increase in labor force participation means more people are willing and able to work, therefore increasing the labor supply. A decrease in labor force participation, such as more people retiring at a younger age or tighter restrictions on immigration policy, would decrease the labor supply. An increase in the wage rate would not necessarily lead to an increase in labor supply, as some workers may already be employed or may not be able to work more hours.

Which of the Following Could Lead to an Increase in Labor