14What is an advantage of using tradable pollution permits to control pollution? ATradable permits are restricted to the firms to which they are issued. BTradable permits avoid enforcement costs. CTradable permits encourage the use of market forces. DTradable permits guarantee a zero level of pollution. 15Where might government intervention to raise the wages of a group of workers be justified in order to prevent their exploitation? 16There is a decrease in the supply of female labour. What will be the likely effect on male and female wages?
7 © UCLES 2018 9708/31/O/N/18 [Turn over17Which criteria are used in official labour market surveys to determine whether a person should be classified as being unemployed? no yes no yes 18To increase the number of cleaners at a local school from 10 to 11, the employer has to raise the hourly rate of pay from $3.00 to $3.25. What is the marginal cost of labour per hour to the employer? A$0.25 B$3.25 C$5.75 D$33.25 19 What would result in a reduction in labour costs per unit of output? 20Out of any addition to national income, 25% is spent on imports, 15% is paid in taxes, 10% is saved and the rest is spent on domestically produced goods. What is the value of the multiplier? 10 21Which economic indicator uses the following three components to obtain a value between 0 (low) and 1 (high)?
822What is nota possible benefit to a developing country of a multinational company investing in a new factory in that country? © UCLES 2018 9708/31/O/N/18 A acquiring improved technology B better training for the workforce C extra tax revenue for the government D increased competition for small domestic producers
You've reached the end of your free preview.
Want to read all 12 pages?