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Worksheets24 Government Policy and Labour Market
Total questions: 10
Worksheet time: 8mins
The introduction of a minimum wage in a labour market will:
raise employment and lower the wage rate
raise the wage rate and increase employment
raise the wage rate and increase unemployment
reduce the wage rate but boost employment
Which of the following is NOT a reason for a government implementing a minimum wage?
raise incomes of low paid workers
reduce fairness and increase inequality in the labour market
benefit disadvantaged workers
reduce inequality and increase fairness in the labour market
Minimum wage is usually set above the equilibrium wage rate, what impact could this have on the labour market?
quantity of labour demanded will increase
quantity of labour supplied will fall
quantity of labour demanded will stay the same
quantity of labour supplied will increase
What might explain payment of low wages in a particular occupation?
a strong trade union
a low price paid for the products produced
a limited supply of labour
short holidays
Which worker is likely to receive the lowest earnings?
a chief executive
a dentist
an IT specialist
a street cleaner
What could explain why some entertainers earn high wages?
some enjoy the job more than others
there is a high demand for their skills
there is a high number of people wanting to be entertainers
there is not much training required to be an entertainer
Why are bus drivers paid less than pilots?
they are less qualified
they work for longer hours
their training takes longer periods of time
they travel shorter distances
Which of the following would cause a rise in the supply of labour?
a fall in the labour force
a rise in the qualifications or length of training required to do the job
a rise in the risks involved in doing a job
a rise in the wage or no wage benefits in other jobs
In which of the following is the demand for labour likely to be elastic?
an occupation in which technical progress is developing expensive capital intensive techniques
an occupation which produces a product with inelastic demand
an occupation belonging to a labour intensive industry
an occupation where labour costs form a small proportion of total costs
The introduction of anti-discrimination laws may help to increase the career prospects and wages of disadvantaged groups.
TRUE
FALSE
