The price of labour is the:
A)exchange rate.
B)wage rate.
C)interest rate.
D)the rental price.

Name: The price of labour is the: A)exchange rate. B)wage rate. C)interest rate. D)the rental price.
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Question

Quizplus · Accepted Answer

The price of labour refers to the wage rate, which is the amount of money paid to workers for their labour. The exchange rate is the value of one currency in relation to another, the interest rate refers to the cost of borrowing money, and the rental price refers to the cost of renting a physical asset.

The Price of Labour Is The