O-LevelEconomicsThe allocation of resources2281/12 · May/June 2017 · Q91 Mark

What is most likely to be used to support a claim for wage increases in an industry?

Adecrease in the industry's sales

Bdecrease in the need for specialist training

Can increase in cheap imports of a rival product

Dan increase in wages in a similar industry

✓ Correct answer

D: an increase in wages in a similar industry

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2017 Paper 1 Variant 2, question 9.

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