Study

FOP: Labor Productivity

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  • The housing benefits for workers in their current jobs are cancelled. Explain which type and how this affects labor mobility.
    Occupational mobility affected - mobility increases since benefits are gone.
  • The (occupational/geographical) mobility of labour will (increase/decrease) if more firms practise division of labour.
    Occupational... decrease
  • "An economy relaxes its immigration and emigration regulations." This will affect occupational / geographical mobility.
    Occupational mobility
  • GP teachers revealed in a survey that the arrival of Mr. Yannick has increased happiness in the community. How has the arrival of Mr. Yannick affect teachers' labor mobility?
    Occupational mobility decreased since there's higher job satisfaction
  • Why might investment bankers have a low occupational mobility?
    Investment bankers have a high opportunity cost of changing jobs!
  • The (occupational/geographical) mobility of labour will (increase/decrease) if more recruitment websites and magazines are available.
    Occupational... increase
  • The (occupational/geographical) mobility of labour will (increase/decrease) if the new railway lines connecting remote areas and central business districts are built.
    Geographical... increase
  • The (occupational/geographical) mobility of labour will (increase/decrease) if the economy stops offering employment-related transportation subsidies.
    Geographical... increase
  • Overseas doctors who want to practice in HK need to take a licensing exam. If this licensing exam is cancelled, how is labor mobility affected?
    Both occupational + geographical mobility increases
  • "Some industries relax their licensing requirements." This will affect occupational / geographical mobility.
    Occupational mobility
  • Lawyers / accountants / electrical technicians / fresh university graduates - who has the greatest occupational mobility?
    Fresh university graduates
  • "Transport expenses greatly increase." This will affect occupational / geographical mobility.
    Geographical mobility