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WAEC Economics 2008 Question 25

Question 25

Labour Market

The trade unions in West Africa have achieved the following for the workers except

  1. A.increased wages
  2. B.better condition of service
  3. C.competitive determination of wage rate
  4. D.improved welfare facilities.
Show the answer and explanation

Answer: C (competitive determination of wage rate)

Explanation

Unions bargain collectively to push wages up; they replace competitive wage setting rather than achieve it.