a few short response Questions (1 Viewer)

[unfold]

For 3 marks how do you Explain the role of trade unions in the current wage determination system?

For 3 marks explain the effects on national income if total leakages are greater than total injections

For 3 marks what are the possible reasons for increasing PART TIME employment?

yep thatz about it! thanks!

 

[sunjet]

- Unions bargain (hence collective bargaining agreement) with the management for wages and conditions and conditions for an entire industry.

- S + T + M (Leakages) = I + G + X (Injections), thus more is going out of the economy, national income falls and economic growth slows down.

The last question isn't even in syllabus?

 

[mattchan]

Yeah, probably not. But part time employment may have been a result of the decentralisation of the labour market? (employers hiring more part time folks to improve productivity and efficiency)

 

[biscuit]

Q1:
- Making formal suggestions to the AIRC for the Safety Net Wage Case
- Involving themselves in CA's
- Industrial action; however limited to the period of enterprise bargaining

Q2:
- Leakages > Injections --> National income will fall

Q3:
Wierd q.. i'd say
- Increase flexibility within the workplace --> Increase productivity --> increase output --> increase profits
- Employers have greater control over work patterns

 

[unfold]

yeah..i'd agree last question was just going off track..but it turned up in one my school's previous trials.

and for question two.. is that enough for 3 marks? i knew about leakage>injection leads to fall in output and growth... it just doesnt justify 3 marks

but THANKS guys! it helped!