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Pearson Edexcel IAL Economics 4.3.3.3b Factors influencing international

Practise analysing how productivity, wages, infrastructure, regulation and non-price factors affect a country’s international competitiveness.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • use earnings or productivity data to explain changes in unit costs and export prices
  • evaluate how human capital, infrastructure and regulation affect price and non-price competitiveness

4.3.3.3b - Factors influencing international competitiveness: • productivity • quality of human 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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