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Q. |
Which of the following does not determine supply of labour? |
A. | Size and age-structure of population |
B. | Nature of work |
C. | Marginal productivity of labour |
D. | Work-leisure ratio |
Answer» C. Marginal productivity of labour | |
Explanation: The term 'supply of labour' refers to the number of hours of a given type of labour which will be offered for hire at different wage rates. Usually, it is found that higher the wage rates larger is the supply indicating a direct relationship that exists between the wage rate i.e. the price of labour and labour hours supplied. |
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