Wages and labour market

The demand for labour is said be

• Derived

• Infinite

• Direct

• Elastic

Which of the following will cause wage rates to rise in a labour market?

• An increase in the supply of labour

• An increase in supply and a fall in the demand for labour

• An increase in the demand for labour

• A fall in demand for labour

What is the price of labour?

• Value

• Wages

• Labour productivity

• Human capital

Total money you earn before taxes and other deductions

• Salary

• Gross wage

• Net wage

• Wages

The amount of money you actually receive after the deductions

• Net wage

• Wages

• Taxes

• Deductions

Being paid by the number of pieces produced is called

• Wages

• Piece rate

• Object rate

• Time rate

Amount of money taken from income before you are paid

• Commission

• Deductions

• Retainer

• Rate