A2 ECONOMICS: Guess Paper-4

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MnMz

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Fazila said:
Question 5-Discuss what might cause inequalities in wage rates in an economy. [25]
This could firslty include, how in perfect and imperfect market labour wage rates are affected. This could be due to MRP in perfect competion, Labour in perfect competition earn relatively higher than in imperfect competition due to Monopsony power draw the diagram.
Next you can include, how strong trade union and govt. minimun wage rule can affect the wages.
Also, people in a ountry are employed in different sectors so earn different wages.
One can also include, different skills, education, training , geographicall and occupational immobility, age, gender, religion descrimination can also be the reason.
Moreover, economic rent and transfer payments with diagram can also be included.
I hope this is enough :)
Click to expand...

Do you have like the whole answer...with the diagrams??
 
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Fazila

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No i am sryy...i have just written the main stuff which can be included in this answer.
 
hychristine

hychristine

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my complete answer for question 5... if anyone want it... its a level 4 essay though...
page1;
psb


page 2:
psb


page 3:
psb


page 4:
psb


page 5:

psb
 
M

MnMz

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Why is it not shown to me....could you send it to my email??? attach and send?
 
J

JJHOLIC

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the data response which are uploaded are all from pastpapers,, it is not a expected questions for the exam i think....
 
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