The Supply of Labour (HSC SSCE Economics): Quizzes
📚Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What happens to labour supply as wages increase?
What happens to labour supply as wages increase?
Supply increases as more people work
Which is an example of a non-wage incentive?
Which is an example of a non-wage incentive?
Performance bonuses
What does human capital refer to?
What does human capital refer to?
Knowledge, skills, training & experience
What does occupational mobility measure?
What does occupational mobility measure?
Ability to move between different jobs
A labour force of 13 million and population 15+ of 20 million gives what participation rate?
A labour force of 13 million and population 15+ of 20 million gives what participation rate?
65%
How did male labour force participation change from 1969-70 to 2018-19 in Australia?
How did male labour force participation change from 1969-70 to 2018-19 in Australia?
Decreased from 83.2% to 71%
What does 'pro-cyclical' mean regarding labour force participation?
What does 'pro-cyclical' mean regarding labour force participation?
Moves with the economic cycle
What primarily drove increased female labour force participation in Australia?
What primarily drove increased female labour force participation in Australia?
Changing attitudes towards women's work
What proportion of Australia's 2016-17 newcomers were skilled migrants?
What proportion of Australia's 2016-17 newcomers were skilled migrants?
More than two-thirds
How do professional associations affect labour supply?
How do professional associations affect labour supply?
Restrict supply through standards