A region has many unemployed construction workers, but vacancies require advanced digital-design skills. Why may wages for qualified workers remain high?
The total number unemployed always determines every wage
Firms do not demand labour in a factor market
Income tax shifts the demand for labour to zero
Occupational immobility limits the effective supply of workers with the required skills
34 exam-style questions on OCR GCSE Economics 2.7 The labour market, covering 2.7.1 Role and operation of the labour market, 2.7.2 Determination of wages, 2.7.3 Explain gross and net pay, and 2.7.4 Calculate gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.