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Supply-side Policies · Paper 1 — Free Economics SL Practice Questions
1FoundationSAQ-SObjectives of supply-side policies6 marksPaper 1~9 min
Country X is an emerging economy with high structural unemployment and low labour productivity. The government is considering implementing supply-side policies to boost long-run productive capacity.
(a)
Define the term "supply-side policies." [2 marks]
(b)
Using Country X as a context, evaluate the effectiveness of one supply-side policy in achieving its intended objective. [4 marks]
Solutions
2MasterySAQ-SObjectives of supply-side policies4 marksPaper 1~6 min
Country Gamma has experienced persistently high unemployment and a low rate of economic growth for the past five years. The government is considering implementing supply-side policies to improve the economy's long-run productive capacity.
(a)
State two objectives of supply-side policies. [2 marks]
(b)
Explain how one supply-side policy could increase the long-run rate of economic growth in Country Gamma. [2 marks]
Solutions
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