A macroeconomic factor affecting the demand for labour is

Changes in the total level of economic activity

An unskilled worker training to be a skilled tradesperson is an example of

The occupational mobility of labour

Structural change in Australian industry in the 1900s and 2000s has resulted in

A rise on the service sector's share of total employment

Labour is best defined as

Physical & mental effort of people in the production process

If more workers are demanded because there is an increase in consumer demand

This is an example of an increase in derived D for labour

If the level of employment was 9,000,000 and unemployment was 500,000

The unemployment rate would be 5.2%

If demand for labour exceeds the supply of labour in a certain industry

The wage rate will rise & level of employment will rise

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11 Economics - Demand & Supply of Labour (Riley Ch 8)

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Answers

1
A macroeconomic factor affecting the demand for labour is
The pattern of consumer demand in an industry
Changes in the total level of economic activity
The rate of capital / labour substitution
The nature and size of an industry
2
An unskilled worker training to be a skilled tradesperson is an example of
The occupational mobility of labour
The geographical mobility of labour
The derived demand for labour
The depreciation of human capital
3
Structural change in Australian industry in the 1900s and 2000s has resulted in
A rise on the service sector's share of total employment
A decline in both mining & service sectors' total employment
A rise in the primary sector's share of total employment
A rise in manufacturing's share of total employment
4
The percentage of the working age population in work or looking for work is
The unemployment rate
The quality and size of the labourforce
The employment rate
The participation rate
5
Labour is best defined as
The employed and unemployed persons in the economy
Physical & mental effort of people in the production process
The physical capital used in production
The working age population of a country
6
If more workers are demanded because there is an increase in consumer demand
This is an example of workers responding to higher wages
This is an example of an increase in derived D for labour
This is an example of an increase in population
This is an example of an increase in the S of labour
7
An example of an 'on cost' of labour would be
wages and salaries
annual leave entitlements
overtime payments
superannuation
8
The rate of unemployment tends to rise as
Th supply of labour decreases
The demand for labour increases
Economic growth rises
Economic Growth falls
9
If the level of employment was 9,000,000 and unemployment was 500,000
The unemployment rate would be 33.3%
The unemployment rate would be 5.2%
The unemployment rate would be 5.5%
The unemployment rate would be 30%
10
If demand for labour exceeds the supply of labour in a certain industry
The wage rate will fall & level of employment will fall
The wage rate will rise & level of employment will fall
The wage rate will rise & level of employment will rise
The wage rate will fall & level of employment will rise

11 Economics - Demand & Supply of Labour (Riley Ch 8) Flashcards | StudBud