Worksheetslabour
Total questions: 10
Worksheet time: 28mins
This could have been caused by (multiple correct answers)
A loosening of the immigration laws.
A tightening of the immigration laws.
A decline in the birth rate.
A rise in the birth rate.
A fall in the price of capital.
This could have been caused by (multiple correct answers)
An improvement in the working conditions in the industry.
A deterioration in the working conditions in the industry.
An improvement in labour productivity.
A decline in wages in substitute occupations.
A rise in wages in substitute occupations.
The free-rider problem: (multiple correct answers)
is common with goods which are non-excludable.
is common with goods which are excludable.
results in overconsumption/overprovision.
results in underconsumption/underprovision.
does not provide justification for government intervention.
Workers will be more willing to work in an industry if: (multiple correct answers)
overtime is available.
they place a high value on leisure time.
there are opportunities to advance.
there are lots of training schemes on offer.
The demand for labour in an industry has decreased. This could be because
The economy has entered a recession.
The economy is recovering from a recession.
The price of capital has risen.
The price of capital has fallen.
The wage rate in substitute occupations has fallen.
The government has increased paternity leave and state funded nursery places. This policy decision is designed to
Shift labour supply to the right in the long run.
Shift labour supply to the left in the long run.
Shift labour demand to the right in the long run.
Shift labour demand to the left in the long run.
The demand for labour in this industry has declined from Q2 to Q1. This could be because: (one correct answer)
The price of capital has declined.
The demand for the product that labour produced has declined.
The wage rate increased.
Labour productivity has increased.
Which one of these factors can shift a demand curve?
Changes in VAT
Subsidies
Speculation
Changes in productivity
A shift from D1 to D2 could happen because (two correct answers)
the price of capital has increased.
the price of capital has fallen.
demand for product labour produces has increased.
demand for product labour produces has fallen.
the global economy has entered a recession.
Firms in the food industry buy flour to produce cakes. This is an example of
elastic demand
inelastic demand
derived demand
composite demand
