The following figures show the real wage index in England from 1750 to 2000, and

Question

The following figures show the real wage index in England from 1750 to 2000, and the explanation of how England escaped the Malthusian trap in the period up to 1900. Based on this information, which of the following statements are correct? 700 -600 500 1844 Factory Act Children work only 6.5 hours a day) Voting for all males(1918) Hargreaves' spinning jenny (1764) 1833 Factory Act 1847 Ten Hours Act (No child labour (Limits work hours Universal :suffrage (1928) under 9 years)for women & children) Trade unions win right to vote (1875)i Watt's steam 200 engine (1781) 100 1750 1800 1900 1950 2000 The Industrial Revolution More and better capital goods per Average output per worker rises Displaced workers Bargaining of workers falls Kept wages from rising Higher profits Restrictions on employing women and children, factory hours Expansion of factory production Extension of the right to vote Labour Supply falls

Explanation / Answer

The first option that the size of pie does not determine the wage rate is correct. The reason being that wage rate is not determined by it rather by the size of the pie , the range of wage rate is determined.

Also if we see the fourth option it states that England was able to escape the Malthusian trap in the 1830s by increasing workers share of wages due to increasing bargaining power is also true.

In the 1800s due to the trade unions , bargaining power increased , this led to better wages and hence the share of wworkers in rising output increased. And the workers were benefitted from the technologiCal increase .

If we see option B , it states that the invention didnt see the immediate increase in wages. Rather with better technology, the labour requirements reduced , ie capital replacing labour . So there was a decrease in employment. Also the wages were less.

If we see option C, it states that throughout the 1800s the wages were low . This is false as we see a rise in the wages after the trade unions being formed anf the voting rights being granted. It rose towards the end of 1800s .

So option A and D are correct.

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