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4.1 International economics

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Question 31

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

EconomyUnit labour costs
Vietnam108
Thailand114
Indonesia128
Malaysia103

Explain one likely reason for Indonesia's unit labour costs rising faster than in other Southeast Asian economies.

[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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