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Supply side policy

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Question 5

Which of the following combinations of policy measures represents a purely market-based approach to supply-side reform?

Reducing the rate of corporation tax, abolishing the national minimum wage, and deregulating product markets

Increasing state investment in transport infrastructure, cutting the central bank base rate, and reducing the standard rate of income tax

Expanding government-subsidised apprenticeship schemes, reducing unemployment benefit entitlement, and imposing tariffs on imported steel

Deregulating the banking sector, increasing the rate of capital gains tax, and bringing energy utilities into public ownership

Supply side policy Questions

  1. A Level
  2. /Economics
  3. /Supply side policy