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The economic problem

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Question 32

Which of the following is a positive economic statement?

A

Universal basic income is the most humane policy to eradicate relative poverty in a developed nation.

B

A 10%10\%10% increase in the national minimum wage will lead to a contraction in the demand for low-skilled labor.

C

Governments ought to prioritize public transport subsidies over road-building projects to improve social cohesion.

D

It is unfair that high-income earners are able to avoid indirect taxes by purchasing goods in lower-tax jurisdictions.

Markscheme

The economic problem Questions

  1. A Level
  2. /Economics
  3. /The economic problem

53 exam-style questions on OCR A Level Economics The economic problem. Each one has a worked solution and a mark scheme showing where the marks go.

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