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IB Economics Unit 3.5: Macroeconomics - Supply-Side Policies (id: f85cce4c1)

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admin 发表于 2024-4-10 22:46:41 | 显示全部楼层 |阅读模式
本题目来源于试卷: IB Economics Unit 3.5: Macroeconomics - Supply-Side Policies,类别为 IB经济学

[单选题]
Which of the following are part of market-based policies to enco i0wb9-1vd5 thjnka;duraghj i s*m-q yj414d2up tz4xp8le competitionldy42qm8 u xjt4h p4 1i-*spzj?
I.Deregulation
II. Personal income tax cuts
III.Trade liberalisation
IV.Abolishing minimum wages

A. I and II only
B. I and III only
C. II, III, and IV only
D. III and IV only


参考答案:  B


本题详细解析:
Statement I is correct becausc 5;sq,i *bwvm-w eox.e deregulation lowers production costs and makes it easier for new competitors to enter the market. These outcomes encourage competition. Statement II is incorrect because personal income tax cuts fall under market-based supply-side policies relating to incentives, rather than encouraging competition. Statement III is correct because removing barriers to trade will allow foreign businesses to compete with domestic businesses. This competition incentivises domestic firms to be more efficient. Statement IV is incorrect because abolishing minimum wages falls under market-based supply-side policies that are aimed at making the labour market more flexible rather than pe wom.b-i*; v5,cq sxwolicies to encourage competition.

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