Interventionist policies to restore regional imbalance focus on ? A. subsidies to encourage firms that moves B. tax concessions for firms that move. C. improved infrastructureD. all of the above
A way of helg depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ? A. market-orientated economists B. left-wing theorists C. Keynesian. D. new-Keynesian
Reaganomics was a radical shift in policy aimed at directly tackling ? A. the charities economy B. the demand side of the economy C. the underground economyD. the supply side of the country
According to supply-side economists, as tax rates are reduced, labor supply should increase. This implies that ? A. there is no income effect when tax rates are changed B. the income effect of a wage change is greater than the…
The success of regional and urban policies has been limited by ? A. bureaucracy B. bad luck C. poor communicationsD. the low level of government grants and by the fact that some projects would have gone ahead anyway
A way helg depressed regions by having wage subsidies lower business taxes and capital subsidies has been suggested as ? A. New classical economists. B. Left wing theoristsC. interventionist policies. D. monetarists.
New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ? A. reduce povertyB. reduce unemployment C. weaken the power of trade unions D. help small businesses
According to the Laffer curve, as tax rates increase tax revenue ? A. initially increase and then decrease B. decrease continuously. C. rise continuously D. initially decrease and then increase.
According to Supply-side economists. if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ? A. aggregate supply will increase will increase aggregate demand will decrease and the price…
A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work, save and invest. These economists are? A. Supply-side economics B. neo-Keynesian economists C. rational-expectations…