JAMB Economics 2018 Objective — Question 11

Question 11 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

One of the factors considered in the determinant of wages is

A. value of outputCorrect
B. Value of labour
C. All of the above
D. None of the above

Explanation

The value of output produced is a key factor considered in determining the wage a worker receives.

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