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3 cards from this section. Quick, good the night before a test.
What is the definition of labor?
Think about what people do to create goods.
What is a labor market?
Consider where jobs are found.
What is labor in economics?
Think about what people do to create goods.
True or False: The labor market connects employers with job seekers.
Think about where job adverts are placed.
If an economy invests heavily in automation, what might be the short-term and long-term effects on the labor market?
Consider how automation has affected various industries.
Analyze how changes in education policies can influence the future labor supply.
Think about how skill gaps can impact employers and employees.
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