In discussing the reasons why wages differ between occupa...
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasised?
Length and cost of training
Demand and supply
Attractiveness of the job
Influence of the trade union
Government intervention
Correct answer is A
In determining the wages of the workers in different occupations, allowances must be made for all the exercises incurred on training and time devoted for it. This makes option A (Length and cost of training) the correct answer.
Palm oil and palm kernel are in ...
If aggregate demand is lower than total output in an economy national income will ...
Which of these would NOT increase the population of a country? ...
Commercial bank reserves at the Central Bank___________ ...
In a capitalist system, the means of production is owned and controlled by ...
The major determinant of the total volume of output in an economy is the ...
Import substitution industrialization refers to ...
Which of these is a necessary condition for trade by barter? ...