O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2014 · Q101 Mark

Between 2009 and 2010 the number of potential jobs for qualified law students fell by 16%. During the same period the total number of applicants for places on law courses increased. What is the most likely explanation for this?

Aan economic recession and an increase in general unemployment

Ban increase in crime rates and the possibility of high salaries in the legal profession

Can increase in the retirement age for existing lawyers and an increase in law course fees

Dthe merger of law firms and the closure of law courses

✓ Correct answer

A: an economic recession and an increase in general unemployment

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 1, question 10.

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