Question : Which of the following occurs when labour productivity rises?
Option 1: The equilibrium nominal wage falls.
Option 2: The equilibrium quantity of labour falls.
Option 3: Competitive firms will be induced to use more capital.
Option 4: The labour demand curve shifts to the right.
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: The labour demand curve shifts to the right.
Solution : The correct answer is The labour-demand curve shifts to the right.
When labour productivity grows, the labour demand curve swings to the right. This is because firms are more ready to recruit additional workers when they are more productive. The movement in the labour-demand curve to the right indicates that employers are eager to recruit more workers at any given pay rate. It leads to a rise in employment and pay.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : If the demand curve is a racing cycle, D = 80200 - 13P, and the supply curve is S = 6200 + 12P, what is the equilibrium quantity?
Question : For an inferior good , demand falls when
Question : When price of a substitute of commodity 'x' falls, the demand for 'x':
Question : The demand curve facing a perfectly competitive firm:
Question : The use of more labour and capital inputs on the given land under cultivation is referred to as
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile