Fill in the blanks in the below sentences: a. The flow of people into and out of employment, changing jobs and its duration determines the level of ---(a) ---- unemployment. b. An association of workers formed to protect and improve their rights and interests by collective bargaining is called a …….(b)…….. c. Changing patterns of demand in the economy affects the labor demand, and this results in ……..(c)… unemployment. d. Change of occupations of labor is called ……(d)… labor mobility.
Fill in the blanks in the below sentences:
a. The flow of people into and out of employment, changing jobs and its duration determines the level of ---(a) ----
b. An association of workers formed to protect and improve their rights and interests by collective bargaining is called a …….(b)……..
c. Changing patterns of
d. Change of occupations of labor is called ……(d)… labor mobility.
e. Labor mobility at micro-firm level is called ………(e)….
f. The ……..(f)…. sloped labor demand curve indicates diminishing marginal product of labor (so additional employment of labor corresponds to a less output in return).
g. During the collective bargaining, a trade union maximizes its utility at the point where its utility function is …….(g)…… to the labor demand curve of the employer.
h. The main power of trade unions comes from collective action of workers, namely threat of ……(h)….
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