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The Labour Market - Basics

This class was created by Brainscape user Christopher Sheridan. Visit their profile to learn more about the creator.

By: Christopher Sheridan
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Decks in this class (11)

Demand for Labour
Explain what the following phrase...,
Graphically depict how an increas...,
What is the marginal revenue prod...
19  cards
Supply of Labour
What are the factors that determi...,
What is the substitution effect o...,
What is the income effect of a ri...
16  cards
Imperfections in the Labour Market
Why are labour markets rarely per...,
1 name some imperfections in the ...,
Graphically depict what a monopso...
12  cards
Monopsony power
Graphically depict how a minimum ...,
Give an example of a monopsony in...,
What are the problems related to ...
4  cards
Trade Unions
Graphically what does a trade uni...,
1 what determines the success of ...,
2 what determines the success of ...
7  cards
Factor immobility
What is factor immobility 1,
1 policies to overcome geographic...,
2 policies to overcome geographic...
11  cards
Government intervention in the labour market
Blank 1,
Why do gov s intervene in the lab...,
1 how might gov intervene in the ...
11  cards
Minimum wage
What are the pros and cons to set...,
1 the desirability of a minimum w...,
2 the desirability of a minimum w...
6  cards
Flexible labour markets
Define the term flexible labour m...,
Flexible labour markets involve f...,
1 why has there been an increase ...
11  cards
Income Tax
What are the effects of gov lower...,
What factors determine the effect...,
1 how might an income tax effect ...
7  cards
Unemployment/Changes in UK labour market
What are the major changes experi...,
A quick list of policies to reduc...
2  cards

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The Labour Market - Basics

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