In 2005, Zimbabwe Was an Unstable Place to Live or Work.The

question 126

Multiple Choice

In 2005, Zimbabwe was an unstable place to live or work.The civil unrest sent thousands of refugees across the border to South Africa, where they sought relief from the dangers.From the information provided, in which of the following ways might the Zimbabwean situation possibly affect South African labour markets?

• A)all of the below
• B)wages would decrease
• C)total employment would increase
• D)marginal product of labour would decrease

---

Definitions:

Flexible Policy

A strategy or approach that is adaptable and able to change in response to external conditions or new information.

Short-Term Bank Loans

Borrowings from banks that are scheduled to be repaid within a year.

Reserve Inventory Storage Costs

Expenses associated with storing unsold merchandise or materials that a business holds in reserve beyond its immediate operational needs.

Shortage Cost

Costs incurred when demand exceeds supply, including opportunity costs of unmet sales and customer dissatisfaction.