Occupational immobility of labour occurs if ?
Correct answer: C. People do not have the right skills to work
- A. People lack information
- B. People do not want to work
- C. People do not have the right skills to work
- D. People cannot afford to move location
Explanation
Occupational immobility occurs when workers cannot move between occupations because they lack the required qualifications or skills. Lack of information and inability to relocate describe other barriers to labour mobility.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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