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The interaction of labour markets

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Question 1

Which of the following is most likely to cause a decrease in a country's unit labour costs?

An increase in employers' national insurance contributions

An increase in labour productivity that exceeds the growth in nominal wages

A reduction in weekly working hours with no change in the weekly wage rate

An increase in trade union power leading to higher wage settlements

The interaction of labour markets Questions

  1. A Level
  2. /Economics
  3. /The interaction of labour markets