Unions tend to increase the disparity in pay between insiders and outsiders by ?
Union might increase efficiency in the case Where they ?
Which of the following is an example of a reason why firms might pay efficiency wages ?
Which of the following government policies would fail to lower the unemployment rate ?
If, for any reason the wage is held above the competitive equilibrium wage?
A minimum wage law tends to ?
Refer to Figure 1. The unemployment rate is ?
According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
TO reduce cyclical unemployment the government might ?
Reducing involuntary unemployment ?
Occupational immobility of labour occurs if ?
If the real wage is too high in the labour market ?
Supply side policies are most appropriate to cure ?
If the minimum wage is set above the equilibrium wage rate, then another thing unchanged ?
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?
Demand for labour is more likely to be wage inelastic if ?
A decrease in the supply of labour is likely to lead to ?
The Marginal Revenue Product is likely to be wage inelastic if ?
IF Unemployment insurance were so generous that it paid laid off workers 95 percent of their regular salary ?
Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium ?
Which of the following statements about efficiency wage theory is true ?
Some frictional Unemployment is inevitable because ?
Sector shifts tend to raise which type of unemployment ?
Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?
A miner who has been unable to find work for so long that he has stopped looking for work is considered to be ?
Refer to Figure 1. The labour force participation rate is ?
Refer to Figure 1 The labour fouce is ?
The amount of unemployment that the economy normally experiences is known as ?
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?
Which of the following is not a supply side measure ?
If there is cyclical unemployment in the economy the government might ?
The natural rate of unemployment is likely to fall if ?
If people are made unemployed because of a fall in aggregate demand this is known as ?
If employees cannot accept a job because of the costs of moving this is known as ?
A profit maximising firm will employ labour up to the point where ?
The Marginal Revenue Product is ?
A fall in demand for labour is likely to lead to ?
An increase in the wage rate ?

A reservation wage is the ?

A. Maximum wage the firm is willing to pay
B. tip necessary to get a waiter to reserve a table
C. minimum wage the worker is willing to accept
D. competitive equilibrium wage.

Correct Answer: minimum wage the worker is willing to accept ✔

Last Updated: June 18, 2019