16 Questions
What is a key factor influencing an individual's decision to enter the labour force?
Education level
What is a key aspect of Firms' decisions?
Numbers of workers
What is a factor that influences the Government's decisions?
Legislative Environment
What is a consideration for Firms when making decisions about workers?
Pension/retirement policy
What is a broader influence on Firms' decisions?
Global Competition
What is a key feature of the distribution of earnings, hours, and hourly wages in the Canadian labour market?
They are quite unevenly distributed
What is the role of legislative and institutional factors in the labour market?
They play an important role in shaping labour market outcomes
What is a key question addressed in labour economics?
What policy questions related to the labour market
What makes the labour market distinctive from other markets?
It has unique characteristics that justify a special sub-discipline of economics
What is the main focus of the neoclassical model of the labour market?
To model the labour market using supply and demand curves
What is the primary focus of Labour Market Economics?
Analyzing the determinants of labour supply and demand
What is an example of a quality dimension of labour supply?
Education
What is a factor that influences labour market outcomes?
All of the above
What is a current policy issue in labour economics?
Wage polarization
What is an example of a labour demand factor?
The firm's hiring decisions
What is the expected impact of COVID-19 on the labour market?
A short-term negative impact
This quiz covers the fundamentals of labour market economics, including the distribution of earnings and wages, supply and demand curves, and the role of legislative and institutional factors in labour market outcomes. It also explores the main actors in the labour market and their interactions.
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