labour market year 10 economics

An arrangement that brings buyers and sellers of labour into close contact is called?

• labour

• wage market

• opportunity cost

• labour market

All things being equal, if the supply of labour is greater than demand for demand 

• efficiency is attained

• equilibrium wage

• wage falls

• wage rises

A type of unemployment arising as a result of the mental or physical disability is called?

• residual

• structural

• frictional

• cyclical

Labour force in Economics means 

• number of labour in a country

• people of working age

• people of working age willing to work

• everybody above 18 years

Which of the following is a major determinant the wage rate in a free society

• interest rate

• unemployment rate

• forces of demand and supply

• the nature of work

a type of unemployment that occurs when workers are not efficiently utilised or work below their productive capacity is called

• disguised

• cyclical

• casual

• frictional

when the demand for labour equals the supply of labour, there is

• an increase in wage rate

• a decrease in wage rate

• equilibrium wage rate

• abnormal wage

increasing output without increasing the labour force is

• labour effectiveness

• labour determination

• labour efficiency

• labour output

the following are causes of differences in wage of people except

• skills required

• number of years required for training

• the cost of training

• the age of applicants

When the government fixes the wage rate above the minimum wage, what happens

• the demand for labour remains the same

• the demand for labour falls

• the demand for labour increases

• demand for labour is unitary