Friday, 12 June 2009

Past paper questions on Individual Supply of Labour

January 2009 - Section B Q 2

a) Some workers may respond to a rise in their hourly pay by choosing to work more hours,whilst others may choose to work the same or even fewer hours. Use income and substitution effects to explain why this is the case. (10 marks)

January 2008 - Section B Q 3

'UK workers have the shortest time off for holidays and the lowest productivity in northern Europe', says the former TUC General Secretary, John Monks.

a) Explain how the concept of opportunity cost can be used to analyse a worker's choice between work and leisure. (10 marks)

June 2007 Section B Q 4

a) Explain why both the short-run and long-run supply of labour to an occupation are likely to rise with the hourly wage rate. (10 marks)

January 2005 Section B Q 2

It is becoming inceasingly common for employees in the UK, and in other countries to take fewer days holiday than the number to which they are entitled.

a) Using economic theory, explain how the number of hours worked by an employee is likely to change when the hourly wage rate increases. (10 marks)

January 2004 - Section B Q 3

It is likely that, as a result of increased affluence, there will be a reduction in the UK supply of labour in the future.

a) explain why a short-term supply curve of labour may be backward-sloping. (10 marks)

January 2003 Section B Q 2

a) Explain how the concept of opportunity cost can be used to analyse an individual's choice both between work and leisure and between different uses of leisure time. (10 marks)