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15
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Give two factors that can decrease the demand for labour.
Recession / automation / lower demand for products.
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15
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What is geographical mobility of labour?
The ability of workers to move between locations for work.
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15
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Why are doctors usually paid more than shop assistants?
Doctors require more training and skills and are in shorter supply.
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15
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Using a DL and SL diagram, show an effect of an increased automation on the labour market.
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15
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Give two factors that can increase the demand for labour.
Higher demand for products / economic growth / increased productivity.
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15
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What happens if wages are above equilibrium?
Labour surplus/unemployment.
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15
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Why may labour demand increase during economic growth?
Firms produce more and need more workers.
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monster
Reset all scores!
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gold
Win 50 points!
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shark
Other team loses 25 points!
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lifesaver
Give 10 points!
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15
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How can higher productivity affect wages?
More productive workers may earn higher wages.
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15
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What is meant by a wage rate?
The amount paid to a worker for their labour.
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15
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How can trade unions influence wages?
They may negotiate for higher wages and better working conditions.
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15
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What is meant by the supply of labour?
The number of workers willing and able to work at different wage rates.
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baam
Lose 25 points!
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gift
Win 20 points!
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rocket
Go to first place!
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banana
Go to last place!
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trap
No points!
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shark
Other team loses 15 points!
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rocket
Go to first place!
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thief
Give points!
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25
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heart
Other team wins 10 points!
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fairy
Take points!
5
10
15
20
25
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shark
Other team loses 15 points!
Okay!
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banana
Go to last place!
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15
×
What is occupational mobility of labour?
The ability of workers to move between jobs.
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