Economics 9708 · AS & A Level · Trade unions

Trade unions — practice question

(a)[3]

Identify the components that make up the HDI.

(b)[3]

The passage says that the RMG industry ‘uses significant division of labour’. Explain how this is likely to affect the average costs of firms in Bangladesh’s RMG industry.

(c)[6]

Identify the most likely market structure of the RMG industry in Bangladesh and, with the aid of a diagram, assess the likely effect on firms' long-run profits in this industry.

(d)[8]

With reference to the article, assess whether the evidence is sufficient to conclude that living standards in Bangladesh have improved since 1971.

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