Economics 0455 · IGCSE · Trade unions

Trade unions — practice question

What factor would make it more difficult for a trade union to raise the wage rate for its members without lowering employment?

  • Aa switch from short-term to long-term fixed contracts of employment
  • Ban increase in the number of substitutes for the product
  • Cgrowth in an economy and increased demand for labour
  • Dlower price elasticity of demand for the product

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