Imperfections Flashcards
1
Q
Not all Economic Inactivity is Labour Market Failure point 1 - 3
A
page 118
2
Q
Not all Economic Inactivity is Labour Market Failure point 4-6
A
page 118
3
Q
All labour markets suffer from imperfect information
A
page 118
4
Q
Skill Shortages increase the Costs of Production for firms
A
page 118
5
Q
Unemployment exists when labour supply is Greater Than labour Demand
A
page 119
6
Q
Some people are More Geographically Mobile than others
A
page 119
7
Q
Occupational immobility is when it’s difficult to Switch Jobs
A
page 119
