Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Firms can choose where to locate production and workers to choose where to work. There are various immigration laws which restrict the movement of labour between countries. This market is called...

Options:

Input Market.

Output Market.

Financial Market.

Labour Market.

Correct Answer:

Labour Market.

Explanation:

The correct answer is Option (4) → Labour Market.

Labour Market refers to the market where workers offer their services and firms hire labour. It is influenced by factors like wages, working conditions, and immigration laws that affect the movement of labour between countries.