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4.1 International economics

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Question 13

Unit labour costs for selected Southeast Asian manufacturing nations, 2024 (base year 2018 = 100)

CountryUnit labour costs
Vietnam129
Malaysia104
Thailand111
Indonesia95

Explain how Vietnam’s international competitiveness could be affected by its 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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