Question 26
Question 26 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...
6.1. The reasons for international...

benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve

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