The price paid for the use of services of labour per unit of time is called__________________?
Correct answer: C. Wage
- A. Salary
- B. Income
- C. Wage
- D. All
Explanation
Wage is the payment made to labour for its services, commonly stated per hour, day, or other unit of time. Salary usually refers to a fixed periodic payment, while income is a broader term.
Last updated
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
A. Cetris peribus stands for__________________?
A closed economy that attempts to be completely self-reliant ?
A commercial bank authorized by state govt. to engage in business of banking ?