ATTEMPT ALL QUESTIONS ON THEORIES OF WAGE DETERMINATION

1     State the iron’s law of wages                                                                                                          (4 mrks)

2     What are the applicability of subsistence theory  in determination of  wages                   (5 mrks)

3     Briefly explain the limitations of the iron law of wages in Uganda                                       (5 mrks)

4     What does wage fund theory say about wage determination and give its limitations        (10 mrks)

5     Explain the marginal productivity theory of wages                                                                      (5 mrks)

6     To what extent is the marginal productivity theory of wages applicable to developing countries? (5 mrks)

7     What is the difference between residential theory and bargaining theory of wage determination   (5 mrks)

8     What are the various factors that influence the level of wages in an economy?                                    (5 mrks)

9     List down the causes of wage differentials you know                                                                                 (5 mrks)

10    differentiate between individual and sectoral wage differentials                                                            (6 mrks)