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Wage Differentials · CAPE Economics Unit 1

35 past-paper questions on Wage Differentials, part of Distribution Theory, from every CAPE Economics Unit 1 paper on Quelpr.

Practise Wage Differentials
  1. 14(b)(i)2 marks· CAPE Economics Unit 1 · 2005 · Paper 1Determine the number of workers that will be employed at a wage rate of $22.
  2. 14(b)(ii)2 marks· CAPE Economics Unit 1 · 2005 · Paper 1Calculate the number of workers who will be laid off as a result of the negotiated wage rate.
  3. 15(a)2 marks· CAPE Economics Unit 1 · 2005 · Paper 1Explain the effect of this labour migration on wage rates in Country A and Country B.
  4. 6(e)(i)2 marks· CAPE Economics Unit 1 · 2005 · Paper 2Define the term 'minimum wage rate'.
  5. 6(e)(ii)8 marks· CAPE Economics Unit 1 · 2005 · Paper 2Discuss TWO effects that the minimum wage rate may have on the welfare of workers.
  6. 5(d)12 marks· CAPE Economics Unit 1 · 2006 · Paper 2Give four reasons why wages differ.
  7. 5(b)(iii)4 marks· CAPE Economics Unit 1 · 2009 · Paper 2If the workers become unionized, and their trade union successfully bargains for a wage rate of $400 (a 100% increase), how many workers will now be unemployed?
  8. 6(b)(i)2 marks· CAPE Economics Unit 1 · 2010 · Paper 2Explain the role of governments in the determination of wage rates.
  9. 6(b)(ii)2 marks· CAPE Economics Unit 1 · 2010 · Paper 2Explain the role of trade unions in the determination of wage rates.
  10. 6(b)(iii)2 marks· CAPE Economics Unit 1 · 2010 · Paper 2Explain the role of employers' associations in the determination of wage rates.
  11. 6(a)(i)4 marks· CAPE Economics Unit 1 · 2011 · Paper 2Distinguish between 'wage differentials' and 'compensating wage differentials'.
  12. 6(a)(ii)4 marks· CAPE Economics Unit 1 · 2011 · Paper 2State four causes of wage differentials.
  13. 6(a)(iii)4 marks· CAPE Economics Unit 1 · 2011 · Paper 2Using two causes identified previously, explain why wages differ.
  14. 6(c)7 marks· CAPE Economics Unit 1 · 2011 · Paper 2Explain why a legal minimum wage alleviates poverty in a monopsonistic labour market but not in a perfectly competitive labour market.
  15. 5(d)4 marks· CAPE Economics Unit 1 · 2012 · Paper 2Discuss the effect of a monopsony on the labour market.
  16. 6(a)(i)2 marks· CAPE Economics Unit 1 · 2012 · Paper 2Define the term 'wage differentials'.
  17. 6(a)(ii)4 marks· CAPE Economics Unit 1 · 2012 · Paper 2Outline TWO factors that give rise to wage differentials.
  18. 6(b)(i)5 marks· CAPE Economics Unit 1 · 2012 · Paper 2With the aid of a diagram, examine the level of wages when the buyer has monopoly/monopsony power in the market.
  19. 6(b)(ii)4 marks· CAPE Economics Unit 1 · 2012 · Paper 2With the aid of a diagram, examine the level of wages when there is perfect competition in the labour market.
  20. 6(c)(i)6 marks· CAPE Economics Unit 1 · 2012 · Paper 2Explain TWO types of labour mobility.
  21. 6(c)(ii)4 marks· CAPE Economics Unit 1 · 2012 · Paper 2Discuss the expected effect of CSME labour mobility on the labour market of CARICOM member states.
  22. 5(c)6 marks· CAPE Economics Unit 1 · 2013 · Paper 2Evaluate the effects of a government minimum wage on the labour market.
  23. 5(a)(i)2 marks· CAPE Economics Unit 1 · 2015 · Paper 2Define the term 'wage differentials'.
  24. 5(a)(ii)a)2 marks· CAPE Economics Unit 1 · 2015 · Paper 2Identify TWO factors that may cause imperfections in the labour market on the demand side.
  25. 5(a)(ii)b)2 marks· CAPE Economics Unit 1 · 2015 · Paper 2Identify TWO factors that may cause imperfections in the labour market on the supply side.
  26. 5(b)(i)4 marks· CAPE Economics Unit 1 · 2015 · Paper 2Distinguish between 'geographical mobility' and 'occupational mobility'.
  27. 5(b)(ii)8 marks· CAPE Economics Unit 1 · 2015 · Paper 2Discuss TWO effects of labour mobility on wages across different CARICOM territories.
  28. 5(c)7 marks· CAPE Economics Unit 1 · 2015 · Paper 2Using a well-labelled diagram, analyse the effect of a monopoly trade union in determining wages and the level of employment under perfect competition.
  29. 5(c)(i)3 marks· CAPE Economics Unit 1 · 2016 · Paper 2Determine the number of workers who will be hired if the government sets a minimum wage of $1000 per day.
  30. 6(c)12 marks· CAPE Economics Unit 1 · 2016 · Paper 2Justify, with the aid of diagrams, why a legal minimum wage will alleviate poverty in a monopsonic labour market but not in a perfectly competitive labour market.
  31. 3(d)12 marks· CAPE Economics Unit 1 · 2017 · Paper 2Discuss THREE factors that could account for this disparity in wages between males and females.
  32. 3(c)9 marks· CAPE Economics Unit 1 · 2018 · Paper 2Analyse the effects of geographical mobility and occupational mobility on wages.
  33. 3(b)(i)3 marks· CAPE Economics Unit 1 · 2021 · Paper 2Explain how minimum wages can impact the pricing of labour (or wages).
  34. 3(b)(ii)3 marks· CAPE Economics Unit 1 · 2021 · Paper 2Explain how industrial action can impact the pricing of labour (or wages).
  35. 3(b)(iii)3 marks· CAPE Economics Unit 1 · 2021 · Paper 2Explain how collective bargaining can impact the pricing of labour (or wages).

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