O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2012 · Q121 Mark

A trade union negotiates a basic weekly wage for its members with all employers in an industry. In addition to the basic wage, one company also operates a production bonus at factory level. What is the aim of this company?

Ato give equal wages to all workers

Bto increase the efficiency of the workers

Cto introduce a minimum wage

Dto reduce its total wage bill

✓ Correct answer

B: to increase the efficiency of the workers

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2012 Paper 1 Variant 1, question 12.

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