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The supply of labour to an occupation will tend to rise when

Economics
WAEC 2024

The supply of labour to an occupation will tend to rise when

  • A. there are less monetary benefits.
  • B. holiday entitlement is cut.
  • C. welfare packages improve.
  • D. unemployment benefit rises.
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Correct Answer: Option C
Explanation

C: When the welfare package for a particular job is improved more labour tends to move to the job.  
 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts