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UI Post-UTME Economics 2021 (Model questions) Question 21

Question 21

Labour Market

In labour market, .........and .............perform the roles of buyers and sellers respectively.

  1. A.Government and firms
  2. B.Households and enterprises
  3. C.Firms and Households
  4. D.Households and government
Show the answer and explanation

Answer: C (Firms and Households)

Explanation

Firms buy (demand) labour and households sell (supply) it.