External Economic Factors Quiz
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Questions and Answers

What primarily constitutes the working population in the UK?

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Which factor can lead to higher wages in the labor market?

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What is a factor that can affect the recruitment process in certain areas of the UK?

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What does a skills shortage in the labor market indicate?

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How does the concept of limited resources relate to economics?

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Which factor is NOT a key contributor to supply and demand in the labour market?

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What is the primary impact of skills shortages on highly skilled employees?

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How can skills shortages be effectively reduced?

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What does the law of demand state about the relationship between demand and price?

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What is a potential benefit of trade among economies?

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