Supply Side Policy Flashcard

Supply Side Policy Flashcard

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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12 questions

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1.

FLASHCARD QUESTION

Front

What is the main goal of tax cuts as a supply side policy?

Back

Stimulate economic growth

2.

FLASHCARD QUESTION

Front

Explain the concept of deregulation and how it can impact the economy.

Back

Deregulation can impact the economy by promoting competition, reducing barriers to entry for new businesses, and potentially leading to lower prices for consumers.

3.

FLASHCARD QUESTION

Front

What is privatization and how does it relate to supply side policy?

Back

Privatization promotes competition, efficiency, and innovation in the market.

4.

FLASHCARD QUESTION

Front

How does labor market flexibility contribute to supply side policy?

Back

By allowing for easier hiring and firing of workers, leading to increased efficiency and productivity in the economy.

5.

FLASHCARD QUESTION

Front

What are some examples of incentives for investment in the context of supply side policy?

Back

Tax breaks, subsidies, and deregulation

6.

FLASHCARD QUESTION

Front

Discuss the importance of infrastructure development in supply side policy.

Back

Infrastructure development enhances productivity and efficiency in the economy.

7.

FLASHCARD QUESTION

Front

How do tax cuts affect the government's revenue and spending?

Back

Tax cuts can decrease government revenue and may require a reduction in government spending.

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