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4.1 International economics

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Question 3

Unit labour costs for selected European nations, 2022 (base year 2015 = 100)

CountryUnit labour costs
Sweden108
Portugal112
Czechia126
Greece98

Explain how Czechia’s international competitiveness could be affected by rising unit labour costs.

[2]
Markscheme

4.1 International economics Questions

  1. A Level
  2. /Economics
  3. /4.1 International economics

103 exam-style questions on Edexcel A A Level Economics 4.1 International economics, covering 4.1.1 Globalisation, 4.1.2 Specialisation and trade, 4.1.3 Pattern of trade, 4.1.4 Terms of trade, 4.1.5 Trading blocs and the World Trade Organisation (WTO), 4.1.6 Restrictions on free trade, 4.1.7 Balance of payments, 4.1.8 Exchange rates, and 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.

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