How might the introduction of a universal basic income (UBI) affect labor market participation rates in an advanced economy? A. It would have no effect on labor market participation rates. B. It would increase labor market participation rates by providing people with more flexibility to seek jobs that match their skills. C. It would decrease labor market participation rates as people might choose not to work if their basic needs are met. D. It would only affect part-time labor market participation rates, not full-time.
How might the introduction of a universal basic income (UBI) affect labor market participation rates in an advanced economy? A. It would have no effect on labor market participation rates. B. It would increase labor market participation rates by providing people with more flexibility to seek jobs that match their skills. C. It would decrease labor market participation rates as people might choose not to work if their basic needs are met. D. It would only affect part-time labor market participation rates, not full-time.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:How might the introduction of a universal
basic income (UBI) affect labor market
participation rates in an advanced
economy?
A. It would have no effect on labor market
participation rates.
B. It would increase labor market
participation rates by providing people with
more flexibility to seek jobs that match their
skills.
C. It would decrease labor market
participation rates as people might choose
not to work if their basic needs are met.
D. It would only affect part-time labor market
participation rates, not full-time.
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