Paper 3 question: Unemployment

IB Economics: Paper 3 question: Unemployment

This question is worth [30 marks]. This paper is based on the new syllabus and contains a policy response question.1. A country finds that the supply and demand functions for labour are as follows:Supply of labour = 5 million + (wage in $ x 1.25 million) Demand for labour = 18.75 million - (wage in $ x 1.5 million)a. Complete the following table based on the supply and demand functions provided and highlight the equilibrium...

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.