Part B

1: a)Individuals choose between work and leisure. Work is time spent on a paying job while leisure includes activities where one is not paid such as education and work within the household. By using relevant illustration, explain how an individual get to his optimal or utility maximization? (10 Marks)

b)How do you explain the backward bending labour supply curve? Explain your answer by using relevant illustration. (10 Marks)

2: There is NO difference between general and specific training. Do you agree? Explain your answer by using suitable example and illustration. (20 Marks)

3: All over the world, labor force participation among women of working age increased substantially in the last century. Explain with relevant example the factors that caused the rising rate of female labour participation. (20 Marks)

4: a)The labour supply is defined as the number of workers willing and able to work, multiplied by the hours they are willing and able to work. Explain the determinants of labor supply. (10 Marks)

b)Withrelevantillustration,explainmonopolistwageandemployment determination. (10 Marks)