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Cambridge IGCSE Economics

3.3.2Wage determination

Wage determination in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic37 practice questions2 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 3.3.2Explain how labour demand and supply, trade union bargaining power and government policy (including a national minimum wage) determine wages, with diagrams.

Lessons

  • Demand for and supply of labour: how wages are determined

    30 min

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  • Trade unions, employers and government in wage setting

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Wage determination: sample question

1 mark

The table shows the monthly market for security guards in a fictional city.

Monthly wage (US$) Guards demanded Guards supplied
180 1,950 1,380
195 1,815 1,530
210 1,680 1,680
225 1,545 1,830
240 1,410 1,980

The government sets a minimum wage of US$225 a month. How many guards are employed?

Choose one answer

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