An increase in the wage rate may be caused by:
A) An outward shift of the supply of labour
B) An inward shift of the demand of labour
C) An outward shift of the demand of labour
D) An increase in the number of employees wanting to work in this industry
Correct Answer:
Verified
Q1: A fall in the wage rate:
A) Shifts
Q2: The demand for labour is dependent on
Q3: Labour is a _ of production.
A) Force
B)
Q4: An increase in the wage rate will
Q5: Demand for labour is likely to be
Q7: An increase in the demand for labour
Q8: An increase in the supply of labour
Q9: An increase in the wage rate may
Q10: Sometimes employees form organizations to represent and
Q11: In the labour market, equilibrium is achieved
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