4.5 Supply-side Policies
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deanhoss
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13 QuestionsShow answers
  • Question 1
    30 seconds
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    Q. Which one of the following is NOT a supply side policy?
    answer choices
    the government increasing competition in all industries
    the government reducing import controls
    the government investing in training and education
    the government privatising national industries
  • Question 2
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    Q.

    Supply side policies are often centred on

    answer choices

    Raising inflation

    Changing the base rate of interest

    Investing in capital - human and infrastructure

    Changing laws

  • Question 3
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    Q. some economists argue the reduction of a minimum wage and lower welfare will help reduce unemployment 
    answer choices
    the cheaper wage rate will means more people will be employed 
    it provides opportunities for low skilled workers to get a job 
    the low income means people would have to work to survive 
    all of these responses 
  • Question 4
    60 seconds
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    Q. Something that makes people want to produce more goods and services
    answer choices
    Incentives 
    Macroeconomics
    Inflation
    GDP
  • Question 5
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    Q.

    Which of the following is a factor of production?

    answer choices

    Output

    Start-up costs

    Productivity

    Capital

  • Question 6
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    Q.

    Which policy involves the government selling off nationalised firms?

    answer choices

    Reduce trade union power

    Privatisation

    Deregulation

    Encouraging competition

  • Question 7
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    Q.

    Why do supply-side policies make UK goods more competitive?

    answer choices

    They lead to a rise in output

    They lead to a fall in prices

    They encourage higher consumption

    They discourage monopolies

  • Question 8
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    Q.

    What is the key aim of supply-side policies?

    answer choices

    Increase economic growth

    Reduce price level

    Improve the environment

    Reduce government spending

  • Question 9
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    Q.

    Which of the following is a criticism of public infrastructure spending?

    answer choices

    Imposes a high cost on the government

    Causes consumption to decrease

    Leads to business costs rising

    Projects can take a long period of time to complete

  • Question 10
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    Q.

    Which of the following is the best definition of productivity?

    answer choices

    The ratio of total output to total inputs

    The amount of output a firm produces

    The quality of a firm's factors of production

    The number of workers in the economy

  • Question 11
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    Q.

    How does reducing direct taxes on firms affect their international competitiveness?

    answer choices

    Less competitive

    No change

    More competitive

  • Question 12
    30 seconds
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    Q.

    Which of these policies will have the most negative effect on inequality?

    answer choices

    Education and training

    Encouraging competition by regulating monopolies

    Reducing corporation tax

    Reducing unemployment benefits

  • Question 13
    30 seconds
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    Q.

    Which of these policies is likely to have the longest time lag?

    answer choices

    Education

    Privatisation of nationalised firms

    Deregulation

    Reducing the minimum wage

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