OCR GCSE Economics - 3.7 - Supply-side Policies
Authored by Ally Peake
Other
9th - 11th Grade
Used 156+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the correct definition for supply-side policy:
A policy which increases the productive potential of the economy
A policy to improve the number of people who can work
A policy which increases the number of jobs available in the economy
A policy which decreases the productive potential of the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a downside of implementing supply-side policies?
Reduction in costs
Flexibility to change
Time lags
Combats inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of implementing supply-side policies?
Increases employment
Very costly
People are resistant to change
Policies take a long time to implement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is NOT a supply side policy?
The government increasing competition in all industries
The government reducing import controls
The government investing in training and education
The government privatising national industries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply-side policies are often centred on:
Raising inflation
Investing in capital - human and infrastructure
Changing the base rate of interest
Changing laws
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that makes people want to produce more goods and services is called:
Incentives
Macroeconomics
Inflation
GDP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do supply-side policies make UK goods more competitive?
They lead to a rise in output
They lead to a fall in prices
They encourage higher consumption
They discourage monopolies
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
