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Why does labour mobility affect how quickly the labour market clears?

A

Lower mobility makes workers remain in their existing jobs, matching labour supply with demand.

B

Higher mobility lets workers move towards available jobs, matching labour supply with demand.

C

Higher mobility lets workers move away from available jobs, separating labour supply from demand.

D

Higher mobility makes firms reduce vacancies, matching labour supply with demand.

Card 1 of 20

9.3.6 mobility of labour Flashcards

  1. Intl A Level
  2. /Economics
  3. /9.3.6 mobility of labour

20 flashcards on CIE Intl A Level Economics 9.3.6 mobility of labour: the key terms and definitions you need to recall.

Flashcards