O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2014 · Q111 Mark

A trade union is negotiating a wage rise for its members. What will increase the chance of the wage rise being granted?

AThe company's product has many substitutes.

BThe economy is entering a period of recession.

CThe government has made strike action illegal.

DWages are a small part of the company's costs.

✓ Correct answer

D: Wages are a small part of the company's costs.

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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 11.

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