Labour And Social Welfare - Study Mode
[#926] Consider the following statements for the structured labour market. Which of the following statement(s) is/are correct? 1. These markets limit the movement of workers due to the institutional rules, policies, and procedures. 2. The hiring policies are often deciding factor in wage determination. 3. Edmund Phelps classified structured and unstructured labour markets.
Correct Answer
(D) All of these
[#927] . . . . . . . . represents the amount of goods that buyers are willing and able to purchase at various prices.
Correct Answer
(A) Demand schedule
[#928] Which of the following is not a characteristic of labour?
Correct Answer
(C) Labour can be separated from labourers as 'person'
[#929] Labour Welfare Services were divided into two groups by the committee of experts on Welfare Facilities for Industrial Workers convenedby ILO in 1963. These are (i) Those within the precincts of the establishment (ii) Those outside the precincts of the establishment. The content of welfare activities remained the same as recommendedby 1959 study team. As per the ILO classification, which one among the following is not welfare and amenities outside the precincts of the establishment?
Correct Answer
(D) Arrangement for prevention of fatigue
[#930] According to the efficiency wage model firms will pay the real wage that
Correct Answer
(C) maximises efforts in ratio of real wage