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3.5 Fiscal policy

3.5 Fiscal policy

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Question 10

What is an opportunity cost of increased government spending on hospitals?

[1]
A

The income tax collected to fund it

B

The wages paid to nurses

C

The rise in demand for medicines

D

The benefit from the best alternative use of the resources

Markscheme

3.5 Fiscal policy Questions

  1. GCSE
  2. /Economics
  3. /3.5 Fiscal policy

30 exam-style questions on OCR GCSE Economics 3.5 Fiscal policy, covering 3.5.1 Government spending and revenue, 3.5.2 Budget balance, surplus and deficit, 3.5.3 What is fiscal policy, 3.5.4 Calculate effects of taxes and spending, 3.5.5 Analyse effects of taxes and spending, 3.5.6 Costs and benefits of fiscal policy, and 3.5.7 Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

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