Select all of the factors that affect the level of wages.
Select 4 correct answer(s)
level of immigration
consumer protection regulations
production possibilities frontier
skills & abilities
size of the labor pool
diminishing marginal utility
actions of labor unions

Respuesta :

The factors that affect the level of wages are skills and abilities, the size of the labor pool, and the actions of labor unions. therefore, these options are correct statements.

How do you determine the level of wages?

Wages are decided through supply and demand, however, they may be stimulated through a huge form of factors, inclusive of the fee of living in a specific area, the presence of a union, and the modern-day minimal wage.

Pay prices additionally range through gender, race, training degree, and talent degree of the workforce.

Thus, the correct options are skills and abilities, the size of the labor pool, and the actions of labor unions.

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