Which of the following policy measures is most likely to be classified as a market-based supply-side policy designed to increase the long-run productive capacity of an economy?
An increase in government capital expenditure on national transport infrastructure
A reduction in the legislative power of trade unions and deregulation of labor markets
A reduction in the central bank's policy interest rate to lower the cost of borrowing
An expansion of state-funded training schemes to improve adult literacy and technical skills
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.