3.5 Labour market

Question 1

a) Factors that influence the demand for labour

Question 2

b) Demand for labour as a derived demand

Question 3

a) Factors that influence the supply of labour to a particular
occupation

Question 4

b) Market failure in labour markets: the geographical and
occupational mobility and immobility of labour

Question 5

a) Diagrammatic analysis of labour market equilibrium

Question 6

b) Understanding of current labour market issues

Question 7

c) Government intervention in the labour market:
o maximum and minimum wages
o public sector wage setting
o policies to tackle labour market immobility

Question 8

d) The significance of the elasticity of demand for labour
and the elasticity of supply of labour

Question 9

define and expl. marginal revenue product for labour

Question 10

expl. movements and shifts in demand for labour

Question 11

expl. backwards bending labour supply curve

Question 12

suply of labour:perf. comp. vs monopsony

Question 13

expl. movements and shifts in supply of labour

Question 14

expl. market failure in the labour market

Question 15

expl. wage determination in perf. comp. labour market

Question 16

explain. imperf. labour market

Question 17

explain. discrimination in LM

Question 18

expl. national minimum wage

Question 19

expl. trade union

Question 20

+ve -ve national min wage and EVALUATIONNNN

Question 21

explain trade union