Policy Design and Implementation (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
Which factor does NOT influence a government's choice of policy mix?
Which factor does NOT influence a government's choice of policy mix?
The weather patterns in the country
What is the difference between absolute and relative poverty?
What is the difference between absolute and relative poverty?
Absolute: basic needs; Relative: less
What does the 'Golden Rule' state about government borrowing?
What does the 'Golden Rule' state about government borrowing?
Borrow only for investment, not current
What is transfer pricing used for by transnational companies?
What is transfer pricing used for by transnational companies?
To minimize global tax liability
Why do authorities use interest rates rather than money supply control?
Why do authorities use interest rates rather than money supply control?
Money is difficult to measure/monitor
How many deaths did COVID-19 cause globally by January 2023?
How many deaths did COVID-19 cause globally by January 2023?
6.7 million deaths
By how much did oil prices increase from end 2021 to mid-June 2022?
By how much did oil prices increase from end 2021 to mid-June 2022?
About 67%
What was UK public sector debt as % of GDP in Q1 2020, before the pandemic?
What was UK public sector debt as % of GDP in Q1 2020, before the pandemic?
82.7%
What is the primary aim of supply-side policies?
What is the primary aim of supply-side policies?
Direct impact on aggregate supply
What conflict arises when introducing fiscal austerity?
What conflict arises when introducing fiscal austerity?
May prevent achieving economic growth