The participation rate in the labour force is affected by ?
Correct answer: E. all of the above
- A. higher real wages
- B. lower fixed costs of working
- C. lower non-labour income
- D. changes in tastes between leisure and work
- E. all of the above
Explanation
Labour-force participation responds to the reward from working, the costs of working, non-labour income, and preferences between work and leisure. Therefore, all listed factors can affect participation.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
Human capital can be described as ?
The opportunity cost of acquiring education is ?
Unions achieve a higher wage differential the more _____ and the more ______?
The downward sloping marginal physical product of labor is the firm's ?
Which of the following is likely to generate a compensating differential ?
A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?