O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2018 · Q101 Mark

What is most likely to help a trade union's claim for wage increases in an industry?

Adecrease in the price of a close substitute for the product

Bdecrease in the qualifications needed for the job

Can increase in the number of workers

Dan increase in the profits of the industry

✓ Correct answer

D: an increase in the profits of the industry

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2018 Paper 1 Variant 2, question 10.

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