Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

(a)[8]

Explain what determines the size of a country’s labour force.

(b)[12]

Discuss whether a widespread shortage of labour might be a major cause of inflation.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Demonstrating understanding of the labour force” …

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