Scenario 18-3
In 2015, Syria experienced civil unrest that sent thousands of refugees across the Aegean Sea to Greece where they sought relief from the fighting.
-Refer to Scenario 18-3.When a labour market experiences a surplus of labour,what experiences downward pressure

Question

Quizplus · Accepted Answer

In a labour market with surplus, there are more workers than there are jobs available, which puts downward pressure on wages as employers can offer lower wages due to the surplus of labour. This means that the wages experience downward pressure. The marginal productivity of labour may or may not be affected depending on the specific situation. The final product price and the demand for labour are not directly affected by a surplus of labour.

Scenario 18-3 in 2015, Syria Experienced Civil Unrest That Sent Thousands of Thousands