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WalesEconomicsQuick questions
Introduction to Economic Principles (AS Unit 1)
Quick questions on Labour markets and wage determination - WJEC A-Level Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Explain what is meant by saying the demand for labour is a derived demand. [2 marks]
What is q2?Show answer
Explain one reason why a national minimum wage might not reduce employment as much as the competitive model predicts. [3 marks]
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