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Economics A Level
Last Minute Revision For Mocks
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Created by
Toby Landes (GRK7)
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Cards (15)
What is the focus of supply-side policies aimed at economic growth?
Improving
human capital
through
education
and training
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How do supply-side policies enhance productivity?
By investing in
education
and training
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What is the impact of a more educated workforce on productivity?
It allows adaptation to
technological
changes
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What government initiatives can raise the skill level of the labor force?
Increased funding for
STEM education
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How do supply-side policies create a dynamic economy?
By fostering
innovation
and
entrepreneurial
activities
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Which country emphasizes vocational training as part of its economic strategy?
Germany
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What is a key approach of supply-side policies regarding investment?
Incentivizing investment through
deregulation
and tax cuts
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How does deregulation affect operational costs for businesses?
It reduces
compliance burdens
and costs
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What effect do tax incentives have on firms' cash flow?
They enhance cash flow for more
investments
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What is the result of increased capital stock and productivity?
It generates
economic growth
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What was the aim of the corporate tax rate reduction in the United States in 2017?
To stimulate
investment
by increasing returns
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What is the purpose of deregulation efforts in various industries?
To foster a
competitive
business environment
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What are the two main ways supply-side policies stimulate economic growth?
Enhancing
productivity
through investment in
human capital
Encouraging investment through deregulation and
tax incentives
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What are the effects of improved human capital on the economy?
Boosts
productivity
Increases
efficiency
and
output
Enhances overall productive capacity
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How do supply-side policies support sustainable economic growth?
By fostering
innovation
Encouraging
entrepreneurial activities
Creating a
dynamic economy
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