Workers (Chapter 18)

What are the wage factors?

• Bonus

• Pension

• Commision

• Fringe Benifits

What is commision?

• An extra payment given to a worker

• Commission is a portion of the value of the sales they make given to the worker.

• An amount paid to an employee based on a percentage of the employee's sales

• Payment given to workers for working extra hours per day

Jobs in what sector gives more pensions?

• Primary

• Secondary

• Tertiary

Workers tend to be attracted to jobs which are in ____ and companies because they general offer better career prospects, job security and better fringe benefits.

What is the NMW in India

• 178 rupees/day

• 230 rupees/day

• 179 rupees/day

• 342 rupees/day

Which of these is not a determinant for elasticity for labour

• The proportion of labour costs in total costs

• The time period

• The qualification skills required

• Experience in the field

Piece rates are a method of payment to workers based on:

• When they work

• How much they produce

• Time spent

• How much they sell

How are wages determined in a free market?

• by the interaction of demand and supply in each labour market

• by the unregulated interaction of demand and supply

• wages depended on the relative amounts of capital available for the payment of workers and the size of the labour force

• where demand for labour is equal to supply of labour

Which of these show the Inelastic Demand and supply

• 
• 

Which of the following are a job in the secondary sector?

• Fishing

• Medical Field

• Working in an IT Company

• Manufacturing a car