CAIE A-Level Economics 8.3.5 Labour Supply Determinants

Practise explaining occupational labour supply through wages, net advantages, migration, participation, benefits, qualifications and work-leisure preferences, including backward…

Exam points

link higher wages or non-wage advantages such as security and benefits to occupational supply
shift supply for migration, participation, qualifications, benefits or training requirements
explain backward bending when the income effect makes extra leisure preferable at high wages

[Maximum number: 1]

What is not a factor affecting the supply of labour?

emigration rates

labour participation rate

labour productivity

unemployment benefits

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8.3.5—Labour supply determinants question 1