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Card 16
Front
What are the monetary factors affecting the supply of labour? (5) (should be able to explain how)
Back
Card 17
Front
What is the net advantage concept? you should be able to illustrate this with a diagram- if cannot ...refer to notes!
Back
Card 18
Front
What are the factors affecting the supply of labour to a particular firm? (4- should be able to explain how each affect it)
Back
Card 19
Front
What does the backwards bending individual supply curve for labour illustrate (should be able to draw it)
Back
Card 20
Front
What is the substitution effect?
Back
Card 21
Front
What is the income effect?
Back
Card 22
Front
What does the elasticity of supply measure? + give equation
Back
Card 23
Front
What are the factors affecting the supply of labour to an industry? (4- should be able to explain how each affect it)
Back
Card 24
Front
Draw the model of wage determination in a perfectly competitive market
Back
Card 25
Front
If the labour market for the economy as a whole was perfectly competitive, what would happen?
Back
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