Economics (AS & A Level) · Oct / Nov 2022 · Paper 32 · Question 17
9708Labour market forces and government intervention
When is a trade union less likely to gain a large pay rise for its workers?
- AIt represents a large proportion of the workforce in the company.
- BIt represents a workforce that has an elastic demand for its labour.
- CIt represents a workforce that is increasing its labour productivity.
- DIt represents a workforce that works for a highly profitable monopoly firm.
As printed in the paper
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Correct answer: B. It represents a workforce that has an elastic demand for its labour.
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