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Chapter 17

Wages

Multiple Choice Questions

1. The real wages rise when the price level 

āĻŽূāϞ্āϝ⧰ āϏ্āϤ⧰ āĻŦৃāĻĻ্āϧি āĻš'āϞে āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°ি āĻŦৃāĻĻ্āϧি āĻšāϝ়।

(a) Rises

āωāϤ্āĻĨাāύ

(b) Falls 

āϜāϞāĻĒ্ā§°āĻĒাāϤ

(c) Remains unchanged

āĻ…āĻĒā§°িā§ąā§°্āϤিāϤ āĻšৈ āφāĻ›ে

Answer: (b) Falls (āϜāϞāĻĒ্ā§°āĻĒাāϤ)।

2. The minimum wages dose not mean

āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āĻĒাāϞিā§° āĻ…ā§°্āĻĨ āύāĻšāϝ়

(a) Minimum level of wages 

āĻŽāϜুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰

(b) The minimum level of wages below which wages are not permitted to fall 

āĻŽāϜুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰ āϝাā§° āϤāϞāϤ āĻŽāϜুā§°ি āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ…āύুāĻŽāϤি āύাāχ

(c) The level above which wages cannot rise

āϝি āϏ্āϤ⧰⧰ āĻ“āĻĒā§°āϤ āĻŽāϜুā§°ি āĻŦৃāĻĻ্āϧি āĻš'āĻŦ āύোā§ąাā§°ে

Answer: (b) The minimum level of wages below which wages are not permitted to fall (āĻŽāϜুā§°িā§° āύিāĻŽ্āύāϤāĻŽ āϏ্āϤ⧰ āϝাā§° āϤāϞāϤ āĻŽāϜুā§°ি āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ…āύুāĻŽāϤি āύাāχ)।

3. The equilibrium of the firm in the labour market is determined when 

āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻĢাā§°্āĻŽā§° āϏāύ্āϤুāϞāύ āĻ•েāϤিāϝ়া āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়

(a) MRP=MW

āĻāĻŽāφ⧰āĻĒি=āĻŽেāĻ—াā§ąাāϟ

(b) MRP>MW

āĻāĻŽ.āφ⧰.āĻĒি.>āĻŽেāĻ—াā§ąাāϟ

(c) MRP<MW

āĻāĻŽ.āφ⧰.āĻĒি.<āĻŽে.āĻĄāĻŦ্āϞিāω.

Answer: (c) MRP<MW (āĻāĻŽ.āφ⧰.āĻĒি.<āĻŽে.āĻĄāĻŦ্āϞিāω.)।

Very Short Answer Type Questions

1. Define real wage.

āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°ি āύিā§°্āϧাā§°āĻŖ āϕ⧰া।

Answer:

2. What is meant by wages differentials?

āĻŽāϜুā§°িā§° āĻĒাā§°্āĻĨāĻ•্āϝ⧰ āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

3. What is meaning of minimum wage?

āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

4. State the conditions for firm's factors market equilibrium under perfect competition.

āύিāĻ–ুঁāϤ āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻĢাā§°্āĻŽā§° āĻ•াā§°āĻ•āĻŦāϜাā§°ā§° āϏāύ্āϤুāϞāύ⧰ āϚ⧰্āϤāĻŦোā§° āωāϞ্āϞেāĻ– āϕ⧰া।

Answer:

5. What is monopolistic exploitation?

āĻāĻ•āϚেāϟিāϝ়া āĻļোāώāĻŖ āĻ•ি?

Answer:

6. What is meant by monopolistic exploitation?

āĻāĻ•āϚেāϟিāϝ়া āĻļোāώāĻŖā§° āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

Short Answer Type Questions

1. What is the meaning of nominal and real wages?

āύাāĻŽāĻŽাāϤ্ā§° āφ⧰ু āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°িā§° āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

2. Give three main factors which account for wages differences?

āĻŽāϜুā§°িā§° āĻĒাā§°্āĻĨāĻ•্āϝ⧰ āĻŦাāĻŦে āϤিāύিāϟা āĻŽুāĻ–্āϝ āĻ•াā§°āĻ• āĻĻিāϝ়া?

Answer:

3. Give two reasons that justify the fixation of minimum wages.

āĻĻুāϟা āĻ•াā§°āĻŖ āĻĻিāϝ়āĻ• āϝিāϝ়ে āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°ি āύিā§°্āϧাā§°āĻŖāĻ• āύ্āϝাāϝ়āϏāĻ™্āĻ—āϤ āϕ⧰ে।

Answer:

4. What is meant by monopsony in labour market?

āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻŽāύোāĻĒāϚāύীā§° āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

5. What does bilateral monopoly signify in the labour market?

āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻĻ্āĻŦিāĻĒাāĻ•্āώিāĻ• āĻāĻ•āϚেāϟিāϝ়া āφāϧিāĻĒāϤ্āϝāχ āĻ•ি āϏূāϚাāϝ়?

Answer:

Long Answer Type Questions

1. Define nominal and real wages. What are the factors that influence real wages?

āύাāĻŽāĻŽাāϤ্ā§° āφ⧰ু āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°ি āύিā§°্āϧাā§°āĻŖ āϕ⧰া। āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°িāĻĒ্ā§°āĻ­াā§ąিāϤ āϕ⧰া āĻ•াā§°āĻ•āĻŦোā§° āĻ•ি?

Answer:

2. What are reasons for wage differentials?

āĻŽāϜুā§°িā§° āĻĒাā§°্āĻĨāĻ•্āϝ⧰ āĻ•াā§°āĻŖāĻŦোā§° āĻ•ি?

Answer:

3. What is meant by minimum wages? Give arguments in support of minimum wages.

āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āĻ…ā§°্āĻĨ āĻ•ি? āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āϏāĻŽā§°্āĻĨāύāϤ āϝুāĻ•্āϤি āĻĻিāϝ়া।

Answer:

4. Explain firm's equilibrium in the labour market?

āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻĢাā§°্āĻŽā§° āϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ–্āϝা āϕ⧰িāĻŦ āύেāĻ•ি?

Answer:

5. How are employment and wages determined under perfect competition?

āύিāĻ–ুঁāϤ āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āύিāϝুāĻ•্āϤি āφ⧰ু āĻŽāϜুā§°ি āĻ•েāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়?

Answer:

6. How are wages determined under imperfect competition?

āĻ…āϏিāĻĻ্āϧ āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻŽāϜুā§°ি āĻ•েāύেāĻ•ৈ āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়?

Answer:

7. Explain the determination of wages under bilateral monopoly.

āĻĻ্āĻŦিāĻĒাāĻ•্āώিāĻ• āĻāĻ•āϚেāϟিāϝ়া āφāϧিāĻĒāϤ্āϝ⧰ āĻ…āϧীāύāϤ āĻŽāϜুā§°ি āύিā§°্āϧাā§°āĻŖā§° āĻŦিāώāϝ়ে āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

Very Long Answer Type Questions

1. What is meant by wages? What are the kinds of wages?

āĻŽāϜুā§°িā§° āĻ…ā§°্āĻĨ āĻ•ি? āĻ•েāύে āϧ⧰āĻŖā§° āĻŽāϜুā§°ি āφāĻ›ে?

Answer:

2. What are nominal and real wages? Make a clear distinction between them.

āύাāĻŽāĻŽাāϤ্ā§° āφ⧰ু āĻĒ্ā§°āĻ•ৃāϤ āĻŽāϜুā§°ি āĻ•ি? āϤেāĻ“ঁāϞোāϕ⧰ āĻŽাāϜāϤ āϏ্āĻĒāώ্āϟ āĻĒাā§°্āĻĨāĻ•্āϝ ā§°াāĻ–িāĻŦা।

Answer:

3. What is the meaning of minimum wages? Make a case for and against minimum wages.

āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āĻ…ā§°্āĻĨ āĻ•ি? āύিāĻŽ্āύāϤāĻŽ āĻŽāϜুā§°িā§° āϏāĻĒāĻ•্āώে āφ⧰ু āĻŦিāĻĒāĻ•্āώে āĻāϟা āĻ—োāϚ⧰ āϤৈāϝ়াā§° āϕ⧰া।

Answer:

4. What is equilibrium of the firm in factors (labour) market? What are the conditions for determining it?

āĻ•াā§°āĻ• (āĻļ্ā§°āĻŽিāĻ•) āĻŦāϜাā§°āϤ āĻĢাā§°্āĻŽāϟোā§° āϏāύ্āϤুāϞāύ āĻ•ি? āχāϝ়াāĻ• āύিā§°্āϧাā§°āĻŖ āϕ⧰াā§° āϚ⧰্āϤāĻŦোā§° āĻ•ি?

Answer:

5. How is equilibrium of the firm determined in the labour market in the short and long periods?

āĻ•āĻŽ āφ⧰ু āĻĻীāϘāϞীāϝ়া āϏāĻŽāϝ়āϤ āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻĒ্ā§°āϤিāώ্āĻ াāύāϟোā§° āϏāύ্āϤুāϞāύ āĻ•েāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়?

Answer:

6. Determine equilibrium wages and employment under, the conditions of perfect competition.

āύিāĻ–ুঁāϤ āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āϚ⧰্āϤাā§ąāϞীā§° āĻ…āϧীāύāϤ āϏāύ্āϤুāϞāύ āĻŽāϜুā§°ি āφ⧰ু āύিāϝুāĻ•্āϤি āύিā§°্āϧাā§°āĻŖ āϕ⧰া।

Answer:

7. Explain the determinations of wages and employment under imperfect competition.

āĻ…āϏিāĻĻ্āϧ āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻŽāϜুā§°ি āφ⧰ু āύিāϝুāĻ•্āϤিā§° āύিā§°্āĻŖāϝ়āĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

8. How is equilibrium wage determined when there is perfect competition in the labour market and monopoly in product market?

āϝেāϤিāϝ়া āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āύিāĻ–ুঁāϤ āĻĒ্ā§°āϤিāϝোāĻ—িāϤা āφ⧰ু āϏাāĻŽāĻ—্ā§°ীā§° āĻŦāϜাā§°āϤ āĻāĻ•āϚেāϟিāϝ়া āφāϧিāĻĒāϤ্āϝ āĻĨাāĻ•ে āϤেāϤিāϝ়া āϏāύ্āϤুāϞāύ āĻŽāϜুā§°ি āĻ•েāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়?

Answer:

9. Explain wages determination given perfect competition in the product market and monopoly in labour market.

āϏাāĻŽāĻ—্ā§°ীāĻŦāϜাā§°āϤ āύিāĻ–ুঁāϤ āĻĒ্ā§°āϤিāϝোāĻ—িāϤা āφ⧰ু āĻļ্ā§°āĻŽিāĻ• āĻŦāϜাā§°āϤ āĻāĻ•āϚেāϟিāϝ়া āφāϧিāĻĒāϤ্āϝ āĻĒ্ā§°āĻĻাāύ āϕ⧰ি āĻŽāϜুā§°ি āύিā§°্āϧাā§°āĻŖ āĻŦ্āϝাāĻ–্āϝা āϕ⧰e।

Answer:

10. How can wages be determined in the case of bilateral monopoly?

āĻĻ্āĻŦিāĻĒাāĻ•্āώিāĻ• āĻāĻ•āϚেāϟিāϝ়া āĻ…āϧিāĻ•াā§°ā§° āĻ•্āώেāϤ্ā§°āϤ āĻŽāϜুā§°ি āĻ•েāύেāĻ•ৈ āύিā§°্āϧাā§°āĻŖ āϕ⧰িāĻŦ āĻĒাā§°ি?

Answer:



Questions Type- Bhabesh Bora 





Post ID : DABP004996