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WAEC Economics 2000 Question 16

Question 16

Labour Market

the supply of labour can be influenced by the

  1. A.size of the population
  2. B.stage of economic development
  3. C.size of the country
  4. D.extent of the market.
Show the answer and explanation

Answer: A (size of the population)

Explanation

The bigger the population (especially of working age), the more labour is available.