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2.7.1 Role and operation of the labour market

Card 1 of 20

What do workers exchange in the labour market?

A

Excess supply of labour.

B

Labour for wages.

C

It trades the factor of production labour.

D

Labour becomes dearer relative to machinery.

Card 1 of 20

2.7.1 Role and operation of the labour market Flashcards

  1. GCSE
  2. /Economics
  3. /2.7.1 Role and operation of the labour market

20 flashcards on OCR GCSE Economics 2.7.1 Role and operation of the labour market: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards