More cards in this set

Card 26

Front

So why do wages differ? (5 reasons- should be able to explain each)

Back

Preview of the front of card 26

Card 27

Front

What is economic rent?

Back

Preview of the front of card 27

Card 28

Front

The more inelastic the supply..

Back

Preview of the front of card 28

Card 29

Front

What is transfer earnings?

Back

Preview of the front of card 29

Card 30

Front

Use the example of footballers and nurses to explain wage differentials

Back

Preview of the front of card 30

Card 31

Front

Continued...

Back

Preview of the front of card 31

Card 32

Front

Should be able to draw diagram demonstrating differences in elasticity and hence wages

Back

Preview of the front of card 32

Card 33

Front

What is discrimination in labour market?

Back

Preview of the front of card 33

Card 34

Front

What is negative discrimination?

Back

Preview of the front of card 34

Card 35

Front

How does negative discrimination have supply-side effects? (3 steps)

Back

Preview of the front of card 35
View more cards