GCE Economics 2024 Objective — Question 25

Question 25 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.

The supply of labour to an occupation will tend to rise when

A. A. there are less monetary benefits
B. B. holiday entitlement is cut
C. C. welfare packages improveCorrect
D. D. unemployment benefit rises

Explanation

The supply of labour can be defined as the total number of workers or employees or people who are willing and able to offer themselves for employment at a particular wage rate and at a particular period of time. However, this tends to increase if there is an improvement in welfare packages or conditions of work.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2024 Objective More Economics past papers