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3 Cards in this Set
- Front
- Back
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What to the labour market happens as wage rates increase? |
As the wage rates increase in an industry, more people will be attracted to the higher pay - More people will enter that industry, increasing the supply of labour. |
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What causes rightward shifts in the supply of labour? |
- Lower qualification entry. - Population increase. - Attractiveness to the job. |
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What causes leftward shifts in the supply of labour? |
- Tough entry requirements. |
