WorksheetsY10 Econ S-side policies
Total questions: 15
Worksheet time: 8mins
Supply side policies are often centred on
Raising inflation
Changing the base rate of interest
Investing in capital - human and infrastructure
Changing laws
Which of the following is a factor of production?
Output
Start-up costs
Productivity
Capital
Which policy involves the government selling off nationalised firms?
Reduce trade union power
Privatisation
Deregulation
Encouraging competition
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
What is the key aim of supply-side policies?
Increase economic growth
Reduce price level
Improve the environment
Reduce government spending
Which of the following is a criticism of public infrastructure spending?
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
Which of the following is the best definition of productivity?
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
How does reducing direct taxes on firms affect their international competitiveness?
Less competitive
No change
More competitive
Which of these is a possible impact of HS2?
Loss of jobs
Environmental costs e.g. noise and air pollution
Increase in the quantity of imports
Hyper-inflation
Which of these is not a benefit of HS2 to Bentley?
Improved connectivity with the rest of UK
Reduction in delivery times as there will be less congestion
New workers from around the country are able to join the firm and commute in
Bentley will have to pay less tax to the government
Which of these policies will have the most negative effect on inequality?
Education and training
Encouraging competition by regulating monopolies
Reducing corporation tax
Reducing unemployment benefits
Which of these policies is likely to have the longest time lag?
Education
Privatisation of nationalised firms
Deregulation
Reducing the minimum wage
