JAMB Economics 2019 Objective — Question 35
Question 35 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Labour supply refers to
- A. the number of people who are unemployed
- B. the total workforce of a country
- C. the retirement age of workers
- D. the number of hours people are willing and able to supply (work) at a given wage rateCorrect
Explanation
The labour supply is the number of hours people are willing and able to supply at a given wage rate.
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