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1.6 The labour market (A-level only)

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Question 16

A large East Asian manufacturing nation dumps its surplus electric vehicles (EVs) on the global market. All other things being equal, if the demand for EVs is price elastic, the most likely consequence for the US market for EVs will be to

A

reduce excess capacity in the US EV manufacturing industry.

B

reduce the total value of EV imports entering the US.

C

shift the demand curve for US EV assembly workers to the left.

D

shift the supply curve of US EV assembly workers to the left.

Markscheme

1.6 The labour market (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.6 The labour market (A-level only)

64 exam-style questions on AQA A Level Economics 1.6 The labour market (A-level only), covering 1.6.1 The demand for labour, marginal productivity theory, 1.6.2 Influences upon the supply of labour to different markets, 1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets, 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets, 1.6.5 The Influence of trade unions in determining wages and levels of employment, 1.6.6 The National Minimum Wage, and 1.6.7 Discrimination in the labour market. Each one has a worked solution and a mark scheme showing where the marks go.

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