The willingness to work a certain amount of time at a given wage rate is known as
A) Labor supply.
B) Labor demand.
C) Derived supply.
D) Derived demand.

Name: The willingness to work a certain amount of time at a given wage rate is known as A) Labor supply. B) Labor demand. C) Derived supply. D) Derived demand.
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Question

Quizplus · Accepted Answer

Labor supply refers to the amount of time and effort that individuals are willing and able to offer to employers at a given wage rate or salary.

The Willingness to Work a Certain Amount of Time at a Given