Question 2
Question 2 of 30
Question image for Q2
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
8. Government microeconom...
8.3. Labour market forces and gover...

wage determination in imperfect markets: influence of trade unions on wage determination and employment in a labour market, influence of government on wage determination and employment in a labour market using a national minimum wage, influence of monopsony employers on wage determination and employment in a labour market

11. International economi...
11.6. Globalisation

distinction between a free trade area, a customs union, a monetary union and full economic union

6. International economic...
6.1. The reasons for international...

benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve