Name that pic
covab
List me?, List you!
Cat and Gory
100
Free good
100
incapable of moving from one location to another location
yltaicilhibpaormeimmogg
geographical immobility
100
land, labour, capital, enterprise
factors of production
100
size of population, the age structure of the population, retirement age, school leaving age, attitude towards women working
number of available workers determined by
200
after worn out-quantity of capital
net investments
200
people in work and those actively seeking work
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labour force
200
differences in price and availability of housing in different areas
family ties
differences in educational systems in different areas
lack of information
restrictions of movement of workers
causes of geographical immobility of labour
200
better education, better training, more experience, better healthcare
quality of labour
300
Where is this indicated on the PPC?
Within (inside) the PPC
300
those who undertake economic activities and make economic decisions
esctonnnoemgiac
economic agents
300
increasing quantity of resources
increasing trade
increasing productivity
increasing productive capacity
reasons to outward shift the PPC
300
workers and consumers
households
400
able to move
Occupational mobility
400
a product which require resources to produce it and therefore has an opportunity cost
edcooongocmi
economic good
400
price of wheat, demand of labour, cost of a firm, taxes on a good
microeconomic topics
400
lacking skills-occupationally immobile
lacking education
one may pay more than the other
geographically immobile, unaware of job vacancies, demand for teachers fall-not enough teaching jobs
may enjoy working outside-working conditions
reasons why a blue collar worker wouldn't want to be a teacher
500
increasing will lower average cost
productivity
500
reduction in the number of capital goods caused by obsolete and worn out capital goods not being replaced
niengeasttimvennet
negative net investment
500
rent, profit, wages, interest
rewards for the factors of production
500
scarcity, opportunity cost, choices, efficiencies
production possibility curve