stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Demand and Supply of labour Flashcards | StudBud
Explore
/
Demand and Supply of labour
Demand and Supply of labour
16 terms
·
StudBud Administration
·
358 plays
Yr 11 Eco Unit 2- AOS 1 - demand for and supply of labour
Flashcards
16 cards
F
Practice quiz
P
Host live
L
Questions
16
Answers
1
Which statement about the definition of Australia’s labour force is false?
Includes all pple aged 15 yrs+ able & willing to work.
It includes employed pple who work at least 1 hr/week for $
It includes both employed and unemployed persons.
It includes all people in Australia of working age.
2
The labour supply for Maths teachers has been lower than demand for many years because
salaries paid to those with Maths skills is relatively low
the salary paid to Maths teachers has been below equilibrium
the equilibrium wage has been too high
ATAR score for Uni degrees in Maths teaching is too high
3
Louisa is working casually as a barista but wants to work more hours.
Louisa is underemployed
Louisa would not be counted in the Labour Force
Louisa is unemployed
Louisa is a discouraged job seeker
4
Hidden unemployed and Disguised unemployed is the same thing
False
True
5
Which of the following people would not be considered ‘employed’ according to the ABS?
Marco runs his own mobile dog washing business.
Kristina is on hols from her job
Suki is 14 yrs old & helps out her parents in the milk bar.
Jake works 8 hrs/wk as a barista, but wants to work more hrs
6
Sid lost his job & spent 6 months looking for a new job, with no luck. He's given up looking.
Sid is a discouraged job seeker
Sid is unemployed
Sid is underemployed
Sid is not in the labour force
7
The unemployment rate includes those how are underemployed
True
False
8
The equilibrium wage for workers in the coal mining industry has decreased because:
all of the above
the productivity of coal miners has increased
China’s demand for coal and iron ore has decreased
the Australian dollar has appreciated
9
Labour demand for dental assistants would increase if
the demand for dentist services increased
the price of dental equipment increased
the wage paid to receptionists increased
the wages paid to dental assistants increased
10
The labour force participation rate rises when the unemployment rate falls
Usually true
Usually false
Always false
11
Those who want a job but aren't looking for work are classified as Disguised Unemployed
True
False
12
Labour demand for supermarket workers is generally not dependent upon:
the hourly wage paid to the workers
the productivity of the workers
the salaries of maths teachers
The price and availability of capital
13
Which of the following people would be classified by the ABS as unemployed:
Levi is a house husband
Martin has been temporarily stood down but will soon restart
Louisa is a surgeon who is on holidays
Kitty is a part-time nurse who would like to work more hours
14
The employment rate includes those who are underemployed
True
False
15
The supply of labour is likely to increase if:
there is an increase in school retention rates
there is an increase in the number of people retiring
govt increases age at which the pension can be received
the government cuts the immigration targets
16
Which of the following is the correct explanation of the LFPR - participation rate?
Those aged over 15 years who are unemployed
Those aged over 15 years who are working
All those over the age of 15 years
Those aged over 15 years who are working or unemployed
