Labour Market

A. Increased training
B. Providing more information
C. Helg individuals to move location to find work
D. Increasing spending on existing industries

A. Increase interest rates
B. Encourage savings
C. Cut taxes
D. Reduce government spending

A. unemployment benefits increase
B. Income tax increases
C. More training is available for the unemployed
D. Geographical immobility increases

A. Frictional unemployment
B. Seasonal unemployment
C. Cyclical unemployment
D. Structural unemployment

A. Occupational immobility
B. Cyclical unemployment
C. Structural immobility
D. Geographical immobility

A. Marginal revenue = marginal product
B. Marginal cost = marginal product
C. Marginal revenue product = average cost of labour
D. Marginal revenue product = marginal cost of labour

A. Upward slog due to the law of demand
B. Upward slog due to the law of marginal utility
C. Downward slog due to the law of diminishing returns
D. Downward slog due to the law of supply

A. A lower equilibrium wage and lower quantity of labour
B. A lower equilibrium wage and higher quantity of labour
C. A higher equilibrium wage and higher quantity of labour
D. A higher equilibrium wage and lower quantity of labour

A. Will usually lead to more people employed
B. Will decrease total earning if the demand for labour is wage elastic
C. is illegal in a free market
D. will cause a shift in the demand for labour