DP Economics Questionbank

State two market-based supply-side policies that are likely to increase the supply of labour in Fairland.

Using an AD/AS diagram, explain the impact on the potential output of the Philippines of the government increasing its “spending on new airports, roads and bridges” (paragraph [4]).

Define the term privatization indicated in bold in the text (paragraph [2]).

Explain how the use of supply-side policies might encourage greater domestic competition and improve the international competitiveness of a country.

Using an AD/AS diagram, explain the likely impact of North Macedonia’s supply-side policies on its full employment level of output (Text B, paragraph [2]).