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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.

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 All of these

Related Questions

Which of the following statements are true/false?
1. In institutional market, there is free operation of forces of demand and supply.
2. In management market, there is a close relationship between wage setting and allocation of labour.
3. In neo-classical markets, imperfections and inequality exists in the market.
4. Unstructured markets are not regulated by any authority.
How to enter in the Global Market? Arrange serially.
1. Deciding whether to go abroad.
2. Deciding on the marketing organisation.
3. Deciding how to enter the market.
4. Deciding on marketing programme.
5. Deciding in which market to enter.
Which of the following statement(s) about the 'labour market' is/are true?
1. Like a commodity market, the relationship between a buyer and a seller in a labour market is temporary.
2. There is a diversity of wage rates in a labour market even for similar nature of work.
3. Monopoly in the labour market is extremely rare.
4. Monopsony referring to the buyer's control is more in the labour market.
Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?
Which of the following statements is correct about Wage Boards in India?
1. A Wage Board is a tripartite body.
2. Labour and management representatives on a Wage Board can be selected from industries other than the one which is investigated.
3. Wage Boards are always statutory in nature.
4. Wage Boards work on the principle of living wage.
Which of the following statements are true/false?
1. The Trade Union Movement was by the workers and labour movement was for the workers.
2. The trade unions are an outcome of industrial relations and work towards raising the status of labours.
3. The organised labour is not the member of any Trade Union but are the members of Employee Provident Fund Organisation (EPFO).
4. Trade Union movement conveys a higher degree of consciousness amongst the workers than conveyed by labour movement.
Which of the following statements are true/false?
1. Fair wage is above the minimum wage but below the living wage.
2. Living wage is the highest amount of wage proposed by the government.
3. Different states have fixed different minimum wages based on the skill set of the employees.
4. Fair wage works on the formula Equal Pay for Equal work.
Ram wage is 40% more than Krishna wage and Mohan wage is 62.5% of sum of Ram & Krishna wage then find Mohan wage is what % of Ram wage.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) Wages are determined by minimum wage legislation in each country. (II) Increase in wage rate is the sign of growth in an economy. Conclusions: (I) Average wage rate signifies the wealth of a country. (II) Minimum wage legislation does not account wage imbalances.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Wages are determined by minimum wage legislation in each country.
(II) Increase in wage rate is the sign of growth in an economy. Conclusions:
(I) Average wage rate signifies the wealth of a country.
(II) Minimum wage legislation does not account wage imbalances.