What is the price of labour in the labour market?

Question

What acts as the price in the labour market?

Answer choices

1. Wages.
2. Dividends.
3. Interest.
4. Rent.
5. Profit.

Explanation

Labour services are purchased in the labour market, and their remuneration is wages.

Interest relates to providing capital, while rent relates to using land and other scarce resources. A dividend is a payment to a shareholder, and profit is the return from business activity.