O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2015 · Q101 Mark

A national trade union wishes to increase the wages of its members without reducing the numbers employed. Which factor would help the union to do this?

AThe demand for the industry's product is high.

BThe industry consists of a small number of well-organised employers.

CThe union workers have low-level skills.

DThe workers' wages are the largest cost of the industry.

✓ Correct answer

A: The demand for the industry's product is high.

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 10.

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