ecs2604 assessment 1 2024 semester 1 Labour Economics - ECS2604

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,3/8/24, 11:10 AM Assessment 1: Attempt review




ECS2604-24-S1  Welcome Message  Assessment 1

QUIZ




Started on Friday, 8 March 2024, 9:53 AM
State Finished
Completed on Friday, 8 March 2024, 10:53 AM
Time taken 1 hour
Marks 30.00/30.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 2.00 out of 2.00




Which of the following is NOT a unique characteristic of the labour market?




The employer only purchases the services of the workers by means of a
contractual relationship.



Workers are not standardised, since they are different in terms of skills,
personality, etc.



The worker is not a product but a human being.



The worker’s personality characteristics remain the same over time. 



The worker’s personality characteristics can’t be fully determined by the
employer before employment starts.




Your answer is correct.

The correct answer is:

The worker’s personality characteristics remain the same over time.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15366082&cmid=879228 1/13

, 3/8/24, 11:10 AM Assessment 1: Attempt review

Question 2

Correct

Mark 2.00 out of 2.00




A wage increase creates a substitution effect, which leads the worker to desire
__________ work, and an income effect, which leads the worker to desire _________
work.




a. Less; more.



b. More; more.



c. Less; less.



d. More; less. 



e. No, less.




Your answer is correct.

The correct answer is:


More; less.




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