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4 cards from this section. Quick, good the night before a test.
What does labour refer to in economics?
Think about the different jobs people do.
What is the reward for labour?
Consider what workers earn for their efforts.
What is the primary reward for labour?
What do workers receive for their effort?
Labour is considered perishable. True or False?
Think about the nature of time spent at work.
Evaluate how changes in wages can influence the supply and demand for labour in an economy.
Consider the relationship between wage levels and employment rates.
Propose a strategy for a company to improve worker productivity without significantly increasing wages.
Think about non-monetary motivation methods.
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