When trying to anticipate the general availability of a work force in a particular community, human resource planning borrows which of the following concepts from labour economics to talk about the potential size of the applicant population?

a. marginal propensity to consume
b. derived demand for labour
c. elasticity of demand
d. labour force participation rates
e. equilibrium wage rate

Question

03-03-2020
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When trying to anticipate the general availability of a work force in a particular community, human resource planning borrows which of the following concepts from labour economics to talk about the potential size of the applicant population?

a. marginal propensity to consume
b. derived demand for labour
c. elasticity of demand
d. labour force participation rates
e. equilibrium wage rate

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monica789412 monica789412 · Answer 1 · 2020-03-10T07:18:15+01:00

d. labor force participation rates

Explanation:

Labor force participation rates are statistics used in labor economics to determine what amount of labor force is being used and employed in what sort of work.

When the general availability of a work force in an area is concerned, one can deduce from the participation rates how many people are employed in such work and what percentage of people are actually doing the sort of work that would be required by the company looking to the statistics.