11. Economics: Labor Economics Thank you for your help and support Academic Agent! As the rate of discount increases,the schooling choice remains the same.one obtains less schooling.O one obtains more schooling.

A subfield of economics called labor economics studies the operation and dynamics of wage labor…

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11. Economics: Labor Economics Thank you for your help and support Academic Agent!

As the rate of discount increases,
the schooling choice remains the same.
one obtains less schooling.
O one obtains more schooling.

Study of all the factors that contribute to the efficiency of the labor force. Labor economics helps in understanding the issues related to the functioning of the labor markets, workers safety, gender equity, job security, determination of fair wages, bargaining through trade unions and job satisfaction.

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