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Labour Market Flashcards | StudBud
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Labour Market
Labour Market
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StudBud Administration
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Edexcel Economics B A Level
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
A higher minimum wage must increase unit labour costs.
True
False
2
The Unemployed are not in the Labour Force.
True
False
3
It is illegal to have barriers to entry to a job.
False
True
4
In a recession, aggregate supply of labour will fall.
False
True
5
Labour is a derived demand.
False
True
6
The Labour Supply Curve will slope...
Be flat.
Downwards
Describe a J-shape.
Upwards
7
Labour force definition does not include...
Age to work
Willingness to work
Ability to work
Qualifications to work
8
Which film best describes the informal labour market?
Lego Movie 2: The Second Part
The Great Escape
Green Book
Fifty Shades of Grey
9
A monopsony employer will tend to...
Pay below market rates
Pay market rates
Pay the minimum wage
Pay a market premium for labour
10
Shifts in the Labour Demand Curve are not caused by...
A change in the wage rate.
A cost cutting subsidy.
A change in the price of the company's good.
A change in the cost of capital goods.
