The position of the labour supply curve is not affected by current wage rates.

Name: The position of the labour supply curve is not affected by current wage rates.
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Question

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The position of the labour supply curve is determined by factors such as the size of the labour force, the level of education and skills, and the availability of alternative employment opportunities. Current wage rates do not directly affect the position of the labour supply curve.

The Position of the Labour Supply Curve Is Not Affected