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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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