Efficiency And Mobility of Labour Force - SS1 Economics Past Questions and Answers - page 1
What is labour force efficiency?
The ability of the labour force to move between jobs and industries
The productivity of the labour force
The size of the labour force
The percentage of the labour force that is unemployed
What factors can impact labour force efficiency?
Education
Technology
Training
All of the above
What is labour force mobility?
The ability of the labour force to move between jobs and industries
The productivity of the labour force
The size of the labour force
The percentage of the labour force that is unemployed
Why is labour force mobility important for economic growth?
It allows the labour force to adapt to changing economic conditions
It reduces the size of the labour force
It increases the percentage of the labour force that is unemployed
It makes the labour force less efficient
What are some barriers to labour force mobility?
Lack of transportation
High cost of living in certain areas
Lack of job opportunities in certain industries
All of the above
What is labour force efficiency?
Labor force efficiency refers to the productivity of the labor force, which can be influenced by factors such as education, training, and technology.
Why is labour force mobility important for economic growth?
A mobile labour force can adapt to changing economic conditions and take advantage of new job opportunities, which can also contribute to economic growth and development.