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16 Questions

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Labour Market Economics

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Questions and Answers

What is a key factor influencing an individual's decision to enter the labour force?

Global Competition

Education level (correct)

Household work

Type of job training

What is a key aspect of Firms' decisions?

Labour hours

Wage rate

Occupation/industry

Numbers of workers (correct)

What is a factor that influences the Government's decisions?

Global Competition

Legislative Environment (correct)

Individual rights

Labour laws and collective bargaining

What is a consideration for Firms when making decisions about workers?

Pension/retirement policy Signup and view all the answers

What is a broader influence on Firms' decisions?

Global Competition Signup and view all the answers

What is a key feature of the distribution of earnings, hours, and hourly wages in the Canadian labour market?

They are quite unevenly distributed Signup and view all the answers

What is the role of legislative and institutional factors in the labour market?

They play an important role in shaping labour market outcomes Signup and view all the answers

What is a key question addressed in labour economics?

What policy questions related to the labour market Signup and view all the answers

What makes the labour market distinctive from other markets?

It has unique characteristics that justify a special sub-discipline of economics Signup and view all the answers

What is the main focus of the neoclassical model of the labour market?

To model the labour market using supply and demand curves Signup and view all the answers

What is the primary focus of Labour Market Economics?

Analyzing the determinants of labour supply and demand Signup and view all the answers

What is an example of a quality dimension of labour supply?

Education Signup and view all the answers

What is a factor that influences labour market outcomes?

All of the above Signup and view all the answers

What is a current policy issue in labour economics?

Wage polarization Signup and view all the answers

What is an example of a labour demand factor?

The firm's hiring decisions Signup and view all the answers

What is the expected impact of COVID-19 on the labour market?

A short-term negative impact Signup and view all the answers