Which of the following factors is most likely to cause the equilibrium wage rate in a particular occupation to be lower than in other occupations?
The occupation involves a high level of physical risk and unpleasant working environments.
The occupation provides significant non-monetary benefits, such as high job security and pleasant conditions.
The occupation requires a long and expensive period of specialized training.
The trade union representing workers in the occupation possesses strong collective bargaining power.
13 exam-style questions on OCR A Level Economics The interaction of labour markets. Each one has a worked solution and a mark scheme showing where the marks go.