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A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2018 · Q141 Mark

What would help to explain why there was a reduction in wage inequality in a country during the post-2008 economic recession?

  1. What would help to explain why there was a reduction in wage inequality in a country during the post-2008 economic recession? A a decline in the share of wages in national output B a decline in trade union bargaining power C the existence of a minimum wage D the trend towards later retirement[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

  1. [1] C

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Oct/Nov 2018 Paper 3 Variant 2, question 14.

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