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

Long-run costs and economies of scale — practice question

What factor would help to account for the fall in wage inequality in a country during the post-2008 economic recession?

  • Aa decline in the share of wages in national output
  • Ba decline in trade union bargaining power
  • Cthe existence of a minimum wage
  • Dthe trend towards later retirement

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