Question 27
Question 27 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
6. International economic...
6.2. Protectionism

different tools of protection and their impact: tariffs, import quotas, export subsidies, embargoes, excessive administrative burdens (‘red tape’)

10. Government macroecono...
10.3. Effectiveness of policy optio...

effectiveness of different policies in relation to different macroeconomic objectives: fiscal policy including Laffer curve analysis, monetary policy, supply-side policy including market-based and interventionist policies, exchange rate policy, international trade policy