Ex.11. Ask questions to which the following sentences or word combinations may be answers.

1. Whenever there is a good or service for which there are both buyers and sellers.

2. Negotiations occurring between buyers and sellers.

3. From employers and their need to employ workers to produce goods and services.

 

4. According to a number of factors, including: the cost of labour; the productivity of the workforce; the current and anticipated level of production; and the price that the firm can command for its output.

 

5. When firms expand their operations and when firms replace employees who are leaving their jobs, such as retirees.

 

6. The number of people currently working or actively seeking employment.

 

7. The number of individuals of working age as well as the proportion of the working-age population that wishes to work.

 

8. The hours that staff work, the effort put forth by employees, and the skills possessed by the workforce.

 

9. Numerous factors including: the age distribution of the population; retirement behaviour; migration patterns; education and training decisions; fertility rates; the state of the economy; and individuals‘ decisions concerning the allocation of time between work activities and leisure.

10. A rise in price.

 

11. The effects that organizations such as corporations, governments, and unions have on the labour market.

 

12. An obvious impediment to the unfettered operation of supply and demand forces.

13. Rules and regulations that impact the workings of the labour market.

 

14. The relatively long-term nature of the employment relationship.

 

15. Wages and employment levels are less-responsive to supply and demand forces than they otherwise would be.