Which Is Not an Example of a Flexible Labour Market

question 11

Multiple Choice

Which is not an example of a flexible labour market?

• A) The government tightens regulations on zero hour contracts.
• B) Firms have greater rights to make redundancies.
• C) The government passes a law reducing minimum redundancy payments
• D) More recruitment websites.

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Definitions:

Moral Hazard

A situation where one party takes on excessive risk because the negative consequences of the risk will be borne by another party.

Antilock Brakes

A safety system in vehicles that prevents the wheels from locking up and skidding during braking, improving control.

Self-medicating

The practice of using drugs, alcohol, or other substances to treat one's ailments without professional guidance, which can lead to misuse and health problems.

Expected Loss

The anticipated amount of loss a firm envisages, often calculated in financial contexts to assess risk or in insurance settings.