Question 9
Labour MarketWhat is meant by labour supply?
- A.Number of people in working population
- B.Number of men and hours they work
- C.Number of hours during which the middle aged persons work
- D.Number of workforce multiplied by the hours they work.
Show the answer and explanation
Answer: A (Number of people in working population)
Explanation
Labour supply refers to the number of people in the working population who are able and willing to work.