OCR GCSE Economics - 3.7 - Supply-side Policies

OCR GCSE Economics - 3.7 - Supply-side Policies

9th - 11th Grade

10 Qs

quiz-placeholder

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OCR GCSE Economics - 3.7 - Supply-side Policies

OCR GCSE Economics - 3.7 - Supply-side Policies

Assessment

Quiz

Other

9th - 11th Grade

Medium

Created by

Ally Peake

Used 149+ times

FREE Resource

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

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