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1.5 Competitive and concentrated markets

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Question 15

Table 1 compares conditions in four occupations. Other influences are similar.

OccupationTraining requiredEmployer demandAvailable qualified workers
AShortLowMany
BLongLowFew
CShortHighMany
DLongHighFew

Using Table 1, which occupation is most likely to have the highest wage?

[1]
A

Occupation A

B

Occupation B

C

Occupation C

D

Occupation D

Markscheme

1.5 Competitive and concentrated markets Questions

  1. GCSE
  2. /Economics
  3. /1.5 Competitive and concentrated markets

149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.

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