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Multiple Choice Questions

The document discusses factors influencing occupation choices, including non-wage factors like fringe benefits and the impact of qualifications on women's career options. It explains how wages are determined in a free market through supply and demand dynamics, and analyzes the effects of increased demand for restaurant meals on chef wages. Additionally, it presents arguments for and against higher wages attracting more individuals to the chef profession, concluding that while higher wages may draw interest, other factors like training and work conditions are also significant.

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199 views3 pages

Multiple Choice Questions

The document discusses factors influencing occupation choices, including non-wage factors like fringe benefits and the impact of qualifications on women's career options. It explains how wages are determined in a free market through supply and demand dynamics, and analyzes the effects of increased demand for restaurant meals on chef wages. Additionally, it presents arguments for and against higher wages attracting more individuals to the chef profession, concluding that while higher wages may draw interest, other factors like training and work conditions are also significant.

Uploaded by

abeerahhassan095
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Multiple Choice Questions

1. What is a non-wage factor that may influence a person’s choice of occupation?


Answer: B) Fringe benefits (Non-wage factors include job security, working conditions,
and benefits like health insurance.)

2. Piece rates are a method of payment to workers based on:


Answer: C) The output they produce (Piece rate payment is based on the number of
units produced.)

3. What would increase a woman’s choice of occupation?


Answer: A) An increase in her qualifications (Higher qualifications provide access to
more job opportunities.)

4. Point X in the diagram shows the market for electricians in a country. There is an
increase in the number of people who train as electricians. What is the new
equilibrium point?
Answer: Move to a lower wage rate and higher quantity of labor (An increase in supply
shifts the supply curve right, reducing wages but increasing employment.)

Four-Part Question

(a) How are wages determined in a free market? (2)


Wages in a free market are determined by the interaction of demand and supply for labor.
Employers demand labor, and workers supply it. The equilibrium wage rate is set where the
quantity of labor demanded equals the quantity supplied.

(b) Explain two benefits a chef may gain from specializing in cooking one type of food such as
Thai food. (4)

1. Increased Efficiency and Skill: Specializing allows the chef to master Thai cooking
techniques, leading to higher-quality dishes and greater efficiency in food preparation.

2. Higher Demand and Earnings: As a specialist, the chef can attract more customers
seeking authentic Thai cuisine, potentially leading to higher wages and business
opportunities.

(c) Analyse, using a demand and supply diagram, how an increase in demand for restaurant
meals may affect the wage rate that chefs are paid. (6)
 An increase in demand for restaurant meals shifts the demand curve for chefs to the
right, as restaurants need more chefs to meet demand.

 This leads to a higher equilibrium wage rate and more employment opportunities for
chefs.

 If the supply of chefs remains unchanged, wages will rise due to increased competition
among restaurants to hire skilled chefs.

 However, if more chefs enter the labor market, the wage increase may be less
significant.

(d) Discuss whether or not an increase in the wage rate paid to chefs will encourage more
people to become chefs. (8)
Arguments for more people becoming chefs:

1. Higher wages attract workers – More individuals may train to become chefs due to
financial incentives.

2. Better job security – A rising wage suggests strong demand, making the career more
stable.

3. Increased job satisfaction – Higher pay may improve working conditions and motivation.

Arguments against more people becoming chefs:

1. Skill and Training Requirements – Becoming a chef requires training and experience,
which may deter some people.

2. Work Conditions – Long hours and high-pressure environments may discourage people
despite higher pay.

3. Alternative Career Options – If other jobs offer better pay and conditions, people might
choose those instead.

Conclusion:
An increase in wages is likely to attract more people to become chefs, but other factors, such as
training requirements and job conditions, will also play a role in influencing career choices.

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