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Card 26
Front
So why do wages differ? (5 reasons- should be able to explain each)
Back
Card 27
Front
What is economic rent?
Back
Card 28
Front
The more inelastic the supply..
Back
Card 29
Front
What is transfer earnings?
Back
Card 30
Front
Use the example of footballers and nurses to explain wage differentials
Back
Card 31
Front
Continued...
Back
Card 32
Front
Should be able to draw diagram demonstrating differences in elasticity and hence wages
Back
Card 33
Front
What is discrimination in labour market?
Back
Card 34
Front
What is negative discrimination?
Back
Card 35
Front
How does negative discrimination have supply-side effects? (3 steps)
Back
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