The determinants of the market supply of labor include all of the following except
A)Taxes.
B)The market wage rate.
C)Income and wealth.
D)Prices of consumer goods.

Question

Quizplus · Accepted Answer

The market wage rate is not a determinant of the market supply of labor; rather, it is the price of labor that results from the interaction of supply and demand in the labor market. The other options (A, C, D) are factors that can influence individuals' decisions to supply labor.

The Determinants of the Market Supply of Labor Include All