3.5-Labour Market- A level Economics Edexcel Exam Questions
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Course
Unit 3 - Business behaviour and the labour market
Institution
PEARSON (PEARSON)
Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains a mix of exam style questions with extract/sources just like the real exam. The marks are for AS level but you can just as easily use...
, Edexcel A Level Economics (A)
Unit Assessment – 3.5 Labour Markets
Section A
ANSWER ALL THE QUESTIONS
1a Which of these factors would NOT be associated with wage elastic supply of labour?
A A low-skilled job o
B High unemployment in the economy o
C A job with a long training period o
D A job in which workers are motivated only by pay o
(1 mark)
1b Explain why a business for which labour costs are a low proportion of their total costs will have
relatively inelastic demand for labour.
(3 marks)
1c In 2016, the falling price of oil resulted in oil company Shell cutting 475 jobs in its North Sea oil
production facilities. Explain, using labour market theory, why the company would do this.
(4 marks)
Page 2 Edexcel A Level Economics (A) Unit Assessment www.tutor2u.net/economics
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