In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
-
Length and cost of training
- Demand and supply
- attractiveness of the job
- Influence of the trade union
- Government intervention
The correct answer is: A
Explanation
In determining the wages of the workers in different occupations, allowances must be made for all the exercises incurred on training and time devoted for it. This makes option A (Length and cost of training) the correct answer.