Asked by Sheryl Kambuni on Jun 28, 2024

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One of the economic effects of rising health care costs in the labor market is that

A) productivity in medical care decreases.
B) the demand for medical workers is decreasing.
C) government is cutting health care coverage for workers.
D) employers are using more temporary and part-time workers.

Labor Market

The supply of available workers in relation to available work, where wage rates are determined.

Temporary Workers

Individuals employed on a non-permanent basis, such as for a specific project or a defined period, often through a staffing agency.

Health Care Coverage

Insurance or government programs that provide financial protection against the costs of medical services and treatments for individuals.

  • Grasp the implications of increasing health care costs on societal economics and the job market.
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SJ
srajan jaiswalJul 03, 2024
Final Answer :
D
Explanation :
Rising health care costs can lead employers to hire more temporary and part-time workers to reduce the expenses associated with providing health benefits to full-time employees. This strategy helps businesses manage the financial burden of increasing health care costs.