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2.7 The labour market

2.7 The labour market

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Question 4

Why is demand for labour described as derived demand?

[1]
A

Workers demand goods using their wages

B

Labour is supplied only by government

C

Employers demand workers because consumers demand the output workers help produce

D

The wage rate is deducted from gross pay

Markscheme

2.7 The labour market Questions

  1. GCSE
  2. /Economics
  3. /2.7 The labour market

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.

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