MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
Backward-bending supply curve of labour suggests that |
| A. | When wage rate increases, supply of labour declines. |
| B. | When wage rate declines, supply of labour increases. |
| C. | There is no relationship between wage rate and labour supply. |
| D. | When wage rate increases, initially labour supply increases and after some point with the increase in wage rate, labour supply decreases. |
| Answer» E. | |