Which of the following correctly pairs a market-based supply-side policy and an interventionist supply-side policy with their primary mechanism for shifting the Long-Run Aggregate Supply (LRASLRASLRAS) curve to the right?
Market-based: Deregulation of product markets to increase competition and efficiency.
Interventionist: Increased government spending on vocational training to improve the quality of human capital.
Market-based: Provision of government subsidies to support private sector research and development.
Interventionist: Reducing corporate tax rates to encourage private sector investment.
Market-based: Increasing the national minimum wage to boost work incentives and labor productivity.
Interventionist: Nationalisation of public utilities to ensure reliable infrastructure investment.
Market-based: Imposing import tariffs to protect domestic manufacturing industries from foreign competition.
Interventionist: Reducing state pension benefits to expand the size of the active labor force.
245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.