Chapter 17
Wages
Multiple Choice Questions
1. The real wages rise when the price level
āĻŽূāϞ্āϝ⧰ āϏ্āϤ⧰ āĻŦৃāĻĻ্āϧি āĻš'āϞে āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°ি āĻŦৃāĻĻ্āϧি āĻšāϝ়।
(a) Rises
āĻāϤ্āĻĨাāύ
(b) Falls
āĻāϞāĻĒ্ā§°āĻĒাāϤ
(c) Remains unchanged
āĻ āĻĒā§°িā§ąā§°্āϤিāϤ āĻšৈ āĻāĻে
Answer: (b) Falls (āĻāϞāĻĒ্ā§°āĻĒাāϤ)।
2. The minimum wages dose not mean
āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āĻĒাāϞিā§° āĻ ā§°্āĻĨ āύāĻšāϝ়
(a) Minimum level of wages
āĻŽāĻুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰
(b) The minimum level of wages below which wages are not permitted to fall
āĻŽāĻুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰ āϝাā§° āϤāϞāϤ āĻŽāĻুā§°ি āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ āύুāĻŽāϤি āύাāĻ
(c) The level above which wages cannot rise
āϝি āϏ্āϤ⧰⧰ āĻāĻĒā§°āϤ āĻŽāĻুā§°ি āĻŦৃāĻĻ্āϧি āĻš'āĻŦ āύোā§ąাā§°ে
Answer: (b) The minimum level of wages below which wages are not permitted to fall (āĻŽāĻুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰ āϝাā§° āϤāϞāϤ āĻŽāĻুā§°ি āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ āύুāĻŽāϤি āύাāĻ)।
3. The equilibrium of the firm in the labour market is determined when
āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻĢাā§°্āĻŽā§° āϏāύ্āϤুāϞāύ āĻেāϤিāϝ়া āύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšāϝ়
(a) MRP=MW
āĻāĻŽāĻā§°āĻĒি=āĻŽেāĻাā§ąাāĻ
(b) MRP>MW
āĻāĻŽ.āĻā§°.āĻĒি.>āĻŽেāĻাā§ąাāĻ
(c) MRP<MW
āĻāĻŽ.āĻā§°.āĻĒি.<āĻŽে.āĻĄāĻŦ্āϞিāĻ.
Answer: (c) MRP<MW (āĻāĻŽ.āĻā§°.āĻĒি.<āĻŽে.āĻĄāĻŦ্āϞিāĻ.)।
Very Short Answer Type Questions
1. Define real wage.
āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°ি āύিā§°্āϧাā§°āĻŖ āĻā§°া।
Answer:
2. What is meant by wages differentials?
āĻŽāĻুā§°িā§° āĻĒাā§°্āĻĨāĻ্āϝ⧰ āĻ ā§°্āĻĨ āĻি?
Answer:
3. What is meaning of minimum wage?
āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āĻ ā§°্āĻĨ āĻি?
Answer:
4. State the conditions for firm's factors market equilibrium under perfect competition.
āύিāĻুঁāϤ āĻĒ্ā§°āϤিāϝোāĻিāϤাā§° āĻ āϧীāύāϤ āĻĢাā§°্āĻŽā§° āĻাā§°āĻāĻŦāĻাā§°ā§° āϏāύ্āϤুāϞāύ⧰ āĻā§°্āϤāĻŦোā§° āĻāϞ্āϞেāĻ āĻā§°া।
Answer:
5. What is monopolistic exploitation?
āĻāĻāĻেāĻিāϝ়া āĻļোāώāĻŖ āĻি?
Answer:
6. What is meant by monopolistic exploitation?
āĻāĻāĻেāĻিāϝ়া āĻļোāώāĻŖā§° āĻ ā§°্āĻĨ āĻি?
Answer:
Short Answer Type Questions
1. What is the meaning of nominal and real wages?
āύাāĻŽāĻŽাāϤ্ā§° āĻā§°ু āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°িā§° āĻ ā§°্āĻĨ āĻি?
Answer:
2. Give three main factors which account for wages differences?
āĻŽāĻুā§°িā§° āĻĒাā§°্āĻĨāĻ্āϝ⧰ āĻŦাāĻŦে āϤিāύিāĻা āĻŽুāĻ্āϝ āĻাā§°āĻ āĻĻিāϝ়া?
Answer:
3. Give two reasons that justify the fixation of minimum wages.
āĻĻুāĻা āĻাā§°āĻŖ āĻĻিāϝ়āĻ āϝিāϝ়ে āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°ি āύিā§°্āϧাā§°āĻŖāĻ āύ্āϝাāϝ়āϏāĻ্āĻāϤ āĻā§°ে।
Answer:
4. What is meant by monopsony in labour market?
āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻŽāύোāĻĒāĻāύীā§° āĻ ā§°্āĻĨ āĻি?
Answer:
5. What does bilateral monopoly signify in the labour market?
āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻĻ্āĻŦিāĻĒাāĻ্āώিāĻ āĻāĻāĻেāĻিāϝ়া āĻāϧিāĻĒāϤ্āϝāĻ āĻি āϏূāĻাāϝ়?
Answer:
Long Answer Type Questions
1. Define nominal and real wages. What are the factors that influence real wages?
āύাāĻŽāĻŽাāϤ্ā§° āĻā§°ু āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°ি āύিā§°্āϧাā§°āĻŖ āĻā§°া। āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°িāĻĒ্ā§°āĻাā§ąিāϤ āĻā§°া āĻাā§°āĻāĻŦোā§° āĻি?
Answer:
2. What are reasons for wage differentials?
āĻŽāĻুā§°িā§° āĻĒাā§°্āĻĨāĻ্āϝ⧰ āĻাā§°āĻŖāĻŦোā§° āĻি?
Answer:
3. What is meant by minimum wages? Give arguments in support of minimum wages.
āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āĻ ā§°্āĻĨ āĻি? āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āϏāĻŽā§°্āĻĨāύāϤ āϝুāĻ্āϤি āĻĻিāϝ়া।
Answer:
4. Explain firm's equilibrium in the labour market?
āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻĢাā§°্āĻŽā§° āϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ্āϝা āĻā§°িāĻŦ āύেāĻি?
Answer:
5. How are employment and wages determined under perfect competition?
āύিāĻুঁāϤ āĻĒ্ā§°āϤিāϝোāĻিāϤাā§° āĻ āϧীāύāϤ āύিāϝুāĻ্āϤি āĻā§°ু āĻŽāĻুā§°ি āĻেāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšāϝ়?
Answer:
6. How are wages determined under imperfect competition?
āĻ āϏিāĻĻ্āϧ āĻĒ্ā§°āϤিāϝোāĻিāϤাā§° āĻ āϧীāύāϤ āĻŽāĻুā§°ি āĻেāύেāĻৈ āύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšāϝ়?
Answer:
7. Explain the determination of wages under bilateral monopoly.
āĻĻ্āĻŦিāĻĒাāĻ্āώিāĻ āĻāĻāĻেāĻিāϝ়া āĻāϧিāĻĒāϤ্āϝ⧰ āĻ āϧীāύāϤ āĻŽāĻুā§°ি āύিā§°্āϧাā§°āĻŖā§° āĻŦিāώāϝ়ে āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
Very Long Answer Type Questions
1. What is meant by wages? What are the kinds of wages?
āĻŽāĻুā§°িā§° āĻ ā§°্āĻĨ āĻি? āĻেāύে āϧ⧰āĻŖā§° āĻŽāĻুā§°ি āĻāĻে?
Answer:
2. What are nominal and real wages? Make a clear distinction between them.
āύাāĻŽāĻŽাāϤ্ā§° āĻā§°ু āĻĒ্ā§°āĻৃāϤ āĻŽāĻুā§°ি āĻি? āϤেāĻঁāϞোāĻā§° āĻŽাāĻāϤ āϏ্āĻĒāώ্āĻ āĻĒাā§°্āĻĨāĻ্āϝ ā§°াāĻিāĻŦা।
Answer:
3. What is the meaning of minimum wages? Make a case for and against minimum wages.
āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āĻ ā§°্āĻĨ āĻি? āύিāĻŽ্āύāϤāĻŽ āĻŽāĻুā§°িā§° āϏāĻĒāĻ্āώে āĻā§°ু āĻŦিāĻĒāĻ্āώে āĻāĻা āĻোāĻā§° āϤৈāϝ়াā§° āĻā§°া।
Answer:
4. What is equilibrium of the firm in factors (labour) market? What are the conditions for determining it?
āĻাā§°āĻ (āĻļ্ā§°āĻŽিāĻ) āĻŦāĻাā§°āϤ āĻĢাā§°্āĻŽāĻোā§° āϏāύ্āϤুāϞāύ āĻি? āĻāϝ়াāĻ āύিā§°্āϧাā§°āĻŖ āĻā§°াā§° āĻā§°্āϤāĻŦোā§° āĻি?
Answer:
5. How is equilibrium of the firm determined in the labour market in the short and long periods?
āĻāĻŽ āĻā§°ু āĻĻীāĻāϞীāϝ়া āϏāĻŽāϝ়āϤ āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻĒ্ā§°āϤিāώ্āĻ াāύāĻোā§° āϏāύ্āϤুāϞāύ āĻেāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšāϝ়?
Answer:
6. Determine equilibrium wages and employment under, the conditions of perfect competition.
āύিāĻুঁāϤ āĻĒ্ā§°āϤিāϝোāĻিāϤাā§° āĻā§°্āϤাā§ąāϞীā§° āĻ āϧীāύāϤ āϏāύ্āϤুāϞāύ āĻŽāĻুā§°ি āĻā§°ু āύিāϝুāĻ্āϤি āύিā§°্āϧাā§°āĻŖ āĻā§°া।
Answer:
7. Explain the determinations of wages and employment under imperfect competition.
āĻ āϏিāĻĻ্āϧ āĻĒ্ā§°āϤিāϝোāĻিāϤাā§° āĻ āϧীāύāϤ āĻŽāĻুā§°ি āĻā§°ু āύিāϝুāĻ্āϤিā§° āύিā§°্āĻŖāϝ়āĻŦোā§° āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
8. How is equilibrium wage determined when there is perfect competition in the labour market and monopoly in product market?
āϝেāϤিāϝ়া āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āύিāĻুঁāϤ āĻĒ্ā§°āϤিāϝোāĻিāϤা āĻā§°ু āϏাāĻŽāĻ্ā§°ীā§° āĻŦāĻাā§°āϤ āĻāĻāĻেāĻিāϝ়া āĻāϧিāĻĒāϤ্āϝ āĻĨাāĻে āϤেāϤিāϝ়া āϏāύ্āϤুāϞāύ āĻŽāĻুā§°ি āĻেāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšāϝ়?
Answer:
9. Explain wages determination given perfect competition in the product market and monopoly in labour market.
āϏাāĻŽāĻ্ā§°ীāĻŦāĻাā§°āϤ āύিāĻুঁāϤ āĻĒ্ā§°āϤিāϝোāĻিāϤা āĻā§°ু āĻļ্ā§°āĻŽিāĻ āĻŦāĻাā§°āϤ āĻāĻāĻেāĻিāϝ়া āĻāϧিāĻĒāϤ্āϝ āĻĒ্ā§°āĻĻাāύ āĻā§°ি āĻŽāĻুā§°ি āύিā§°্āϧাā§°āĻŖ āĻŦ্āϝাāĻ্āϝা āĻā§°e।
Answer:
10. How can wages be determined in the case of bilateral monopoly?
āĻĻ্āĻŦিāĻĒাāĻ্āώিāĻ āĻāĻāĻেāĻিāϝ়া āĻ āϧিāĻাā§°ā§° āĻ্āώেāϤ্ā§°āϤ āĻŽāĻুā§°ি āĻেāύেāĻৈ āύিā§°্āϧাā§°āĻŖ āĻā§°িāĻŦ āĻĒাā§°ি?
Answer:
Post ID : DABP004996