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Edexcel A-Level Economics A2 4.3.3 3b Factors Influencing International Competitiveness Productivity Quality of Human Questions

Practise analysing how productivity, wages, infrastructure, regulation, exchange rates and non-price factors shape international competitiveness in Edexcel IAL Economics.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • analyse productivity and human capital through unit costs, export prices and international competitiveness
  • explain how wage, non-wage, tax and inflation differences affect costs and export prices
  • analyse appreciation or depreciation through relative import and export prices
  • explain how infrastructure and regulation alter efficiency, business costs and competitiveness
  • analyse quality, design, reliability, innovation, branding and after-sales service as non-price factors
  • evaluate factors using measurement, sector, elasticity, contracts, offsets, TNC action and country context

Edexcel A-Level Economics A2 4.3.3 3b Factors Influencing International Competitiveness Productivity Quality of Human Questions question 1

[Maximum number: 1]

In 2021 the UK experienced a fall in labour productivity. It remained below the average labour productivity of its main trading partners.

Ceteris paribus, which one of the following can be deduced from this statement?

A

UK goods and services were less internationally competitive than those of its trading partners

B

Average export prices of UK goods and services were lower than the average export prices of its trading partners

C

Unit labour costs in the UK were the same as the average unit labour costs of its trading partners

D

The UK experienced a significant deterioration in its terms of trade

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