O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2013 · Q131 Mark

Which of the following is most likely to limit wage increases in an industry?

Aan increased demand for the industry's product

Brise in the industry's profits

Crise in wages for workers in similar jobs

Dthe replacement of workers with robots

✓ Correct answer

D: the replacement of workers with robots

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2013 Paper 1 Variant 1, question 13.

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