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Question : The supply of labour in the market depends on ________.

Option 1: the proportion of the population in the labour force

Option 2: the number of person-hours put in by each person

Option 3: the size of population

Option 4: All of the above


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: All of the above


Solution : The correct answer is All of the above .

Labour supply in an economy is influenced by both economic and non-economic variables . It is determined by the population size, the number of employees available for work within a particular population, the number of hours worked, the intensity of labour, the workers' abilities, their desire to work and labour mobility.

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