O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2011 · Q161 Mark

What is the main purpose of a trade union?

Ato achieve profit maximisation

Bto encourage free trade

Cto promote private ownership of industry

Dto protect the interests of its members

✓ Correct answer

D: to protect the interests of its members

Oracle Prep sorts past-paper questions by topic, so you can drill Microeconomic decision makers and see which topics are most likely to come up next.

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 16.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Barilla, an Italian company, is the world's largest pasta maker. It also produces bread. In 2006 its bread production…

What may cause an individual to save a higher proportion of their income?

A person wishes to buy shares in order to make a long-term profit, but wants as little risk of short-term loss as pos…

What is meant by the economic problem?

Each of the factors of production earns an income. What are the incomes for land and capital?

A firm decides to stop manufacturing ovens and to produce washing machines instead. What is the opportunity cost to t…