Question 1
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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