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- 1. Multiple Choice
Which of the following is likely to 'supply' workers?
Firms
Households
Government
- 2. Multiple Choice
Which of the following is likely to 'demand' workers?
Firms
Households
Government
- 3. Multiple Choice
Which of the following is the correct definition for salary?
The amount of money a worker earns per hour
The amount of money a worker earns after they have paid tax
The amount of money a workers earns yearly
The amount of money a worker earns monthly
- 4. Multiple Choice
Which of the following is a main role of trade unions?
To protect the firms from workers that cannot do their jobs
To argue for high pay at all times
To protect workers from being exploited
To protect firms from being exploited
- 5. Multiple Choice
Which of the following is the correct definition for derived demand?
When the demand for one product depends on the demand for another product
When products are in equal demand
When there are too many consumers demanding a product
When supply and demand are equal
- 6. Multiple Choice
Which of the following is likely to increase the demand for labour?
A slowing economy
A fall in the demand for products
A fall in wages
A fall in a firm's profits
- 7. Multiple Choice
Which of the following is likely to increase the supply of labour?
An increase in wages
A fall in production
An increase in benefit payments
A fall in investment in education and training
- 8. Multiple Choice
Which of the following is not taken off a person's pay?
National Insurance
Tax
Student loan
Food shopping
- 9. Multiple Choice
If a person receives £2,000 in wages and a bonus of £200, what is their gross pay?
£200
£1,800
£2,000
£2,200
- 10. Multiple Choice
What is a person's Net Pay, if they receive £24,000 gross pay, and pay £2,512 in income tax, £1,925 in National Insurance contributions and £1,440 in Pension contributions?
£18,123
£22,075
£24,000
£26,512
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