Question 30
Labour MarketWhat is the effect of pursuit of higher education on the size of labour force?
- A.It makes labour force to be defective
- B.It brings higher wage rate
- C.It increases the size of labour force
- D.It reduces the size of labour force.
Show the answer and explanation
Answer: D (It reduces the size of labour force.)
Explanation
Young people in higher education are not in the labour force, so the current labour force becomes smaller.