O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2020 · Q141 Mark

What is most likely to lead to an improvement in labour productivity in an industry?

Aan increase in capital investment

Ban increase in income tax rates

Can increase in the demand for the industry’s product

Dan increase in the number of firms in the industry

✓ Correct answer

A: an increase in capital investment

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2020 Paper 1 Variant 1, question 14.

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