Economics (9-1) - 0987 CIE

Supply-side Policy

Akopọ

Some government policies try to boost demand; supply-side policies aim deeper, at the economy's ability to produce. By making workers more skilled, markets more flexible and firms keener to invest, a government can lift the whole productive capacity of the country, the size of the pie it can bake.

In this lesson you will meet the main supply-side measures, from education and infrastructure to tax cuts, deregulation and privatisation, and learn how each is meant to raise productivity and output. You will also see how these policies help a government hit its big macroeconomic aims at once.

Awọn Afojusun

  1. education and training
  2. infrastructure spending
  3. labour market reforms
  4. lower direct taxes
  5. deregulation
  6. improving incentives to work and invest
  7. privatisation
  8. how supply-side policy measures may enable a government to achieve its macroeconomic aims

Akọ̀wé Ẹ̀kọ́

Supply-side policies are powerful because, done well, they can improve several aims together: faster growth, lower inflation and lower unemployment, without the trade-offs that demand policies face. Understanding how each measure works, and its limits, lets you write strong analysis and evaluation, which is where the marks lie.

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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Supply-side Policy. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  1. Supply-side policies aim mainly to: A. increase total spending B. raise the productive capacity of the economy C. raise import prices D. reduce the money supply Answer: B
  2. Which is a supply-side policy? A. raising income tax B. cutting government spending to reduce demand C. investing in education and training D. printing more money Answer: C
  3. Privatisation means: A. nationalising private firms B. transferring assets from the public to the private sector C. raising taxes on firms D. banning competition Answer: B
  4. A drawback of supply-side policies is that they: A. work instantly B. always raise inflation C. usually take a long time to work D. reduce productivity Answer: C
  5. Cutting income tax can act as a supply-side policy by: A. reducing the incentive to work B. improving the incentive to work and invest C. raising firms' costs D. lowering productivity Answer: B

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Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

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O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
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