4.1.6.3 Wage Determination
Authored by James Hannaford
Social Studies
12th Grade
Used 23+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor shifts a demand curve for labour?
Changing price and availability of substitutes to labour
How a essential a worker is to the production process
The PED of the good or service
Job security
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What shifts demand for labour to the right?
Increased productivity of workers
High non-wage costs, e.g. national insurance, training etc
A fall in wages
Falling demand for the product the workers are producing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What makes demand for labour inelastic?
A small number of people with qualifications and skills
A large number of people with qualifications and skills
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand for labour is more inelastic in the LR
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The PED for the good or service has no effect on the WED for the necessary workers
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If labour is a high % of total wage costs, WED will be more elastic
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If wages fall and it is easy to obtain more of the factors that are used alongside labour, ...
demand for labour will be elastic
demand for labour will be inelastic
demand for labour will be unitary
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