Supply side policy (OCR A-Level Economics): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is the main aim of supply side policies?
What is the main aim of supply side policies?
Increase LRAS & productive capacity
What does privatisation involve?
What does privatisation involve?
Transfer from govt to private sector
Why does privatisation increase efficiency?
Why does privatisation increase efficiency?
Due to profit motives
What is a key disadvantage of privatisation?
What is a key disadvantage of privatisation?
May lead to job losses
How does deregulation promote competition?
How does deregulation promote competition?
Reduces compliance costs
What is a disadvantage of deregulation?
What is a disadvantage of deregulation?
Reduced quality & safety standards
What are subsidies?
What are subsidies?
Govt financial assistance
What is a key disadvantage of subsidies?
What is a key disadvantage of subsidies?
Can cause market distortions
What does competition policy aim to prevent?
What does competition policy aim to prevent?
Cartels, collusion & price-fixing
Which body enforces competition laws in the UK?
Which body enforces competition laws in the UK?
Competition & Markets Authority
How does infrastructure investment improve the economy?
How does infrastructure investment improve the economy?
Reduces production & distribution costs
What is a benefit of education and training investment?
What is a benefit of education and training investment?
Enhances workforce skills
What is an objective of tax and benefit reforms?
What is an objective of tax and benefit reforms?
Improve work incentives