Podcast
Questions and Answers
What is a possible consequence of reducing benefits on the labour market?
What is a possible consequence of reducing benefits on the labour market?
- An increase in the quantity of labour (correct)
- A decrease in the quantity of labour
- An increase in the unemployment rate
- No impact on the labour market
How can raising the minimum wage help reduce the unemployment trap?
How can raising the minimum wage help reduce the unemployment trap?
- By increasing the quantity of labour
- By making work more attractive to workers (correct)
- By reducing the benefits received by workers
- By increasing the unemployment rate
What is a benefit of investing in infrastructure development?
What is a benefit of investing in infrastructure development?
- An increase in the productive capacity of the economy (correct)
- No impact on the economy
- An increase in the cost of production
- A decrease in the productive capacity of the economy
What is a result of subsidies for R&D and technological progress?
What is a result of subsidies for R&D and technological progress?
What is a consequence of an increase in the productive capacity of the economy?
What is a consequence of an increase in the productive capacity of the economy?
What is a potential result of reducing the unemployment trap?
What is a potential result of reducing the unemployment trap?
What is the primary effect of reducing trade union power on inflation?
What is the primary effect of reducing trade union power on inflation?
What is a potential drawback of infrastructure development projects?
What is a potential drawback of infrastructure development projects?
What is a potential unintended effect of cutting corporation tax rates?
What is a potential unintended effect of cutting corporation tax rates?
What is a time-related challenge associated with supply-side policies?
What is a time-related challenge associated with supply-side policies?
What is a potential outcome of reducing income tax rates?
What is a potential outcome of reducing income tax rates?
What is a potential opportunity cost associated with supply-side policies?
What is a potential opportunity cost associated with supply-side policies?
What is the primary consequence of an increase in education and training of workers on the economy?
What is the primary consequence of an increase in education and training of workers on the economy?
How would a reduction in direct taxes on workers and firms affect the economy?
How would a reduction in direct taxes on workers and firms affect the economy?
What is the primary reason for a shortage of skilled and educated workers in developing economies?
What is the primary reason for a shortage of skilled and educated workers in developing economies?
What is the result of an increase in human capital in an economy?
What is the result of an increase in human capital in an economy?
How would the immigration of skilled workers affect the productive capacity of the economy?
How would the immigration of skilled workers affect the productive capacity of the economy?
What is the primary benefit of reducing corporation tax on firms?
What is the primary benefit of reducing corporation tax on firms?
