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Economics (AS & A Level) · May / June 2022 · Paper 31 · Question 16

9708Labour market forces and government intervention

What is a definition of transfer earnings?

  1. Athe amount of earnings above that needed to keep a worker in their current job
  2. Bthe minimum earnings needed to keep a worker in their current job
  3. Cthe social security benefits paid to workers whose earnings are below the poverty line
  4. Dthe amount of earnings needed to cause a worker to change to a different job

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Correct answer: B. the minimum earnings needed to keep a worker in their current job

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