WAEC Economics 2011 Theory — Question 10

Model answer

The supply of labour can be influenced by: (i) the size of the population which determines the size of the labour force, (ii) age structure and sex distribution of the population, (iii) official school leaving age, (iv) official retirement age, (v) the wage rate, (vi) availability or non-availability of incentives, (vii) condition of work (any four).