Economics 0455 · IGCSE · The macroeconomic aims of government
The macroeconomic aims of government — practice question
Roughly 95% of students in Macao, a special administrative region of China, go to a private school. Around the world, private schools face strong competition for students. They often use technologically advanced teaching methods. Even so, some argue that private schools make the government’s aim of redistributing income harder to achieve.
(a)[2]
Define privatisation by giving its meaning.
(b)[4]
Explain how technological innovation can help firms.
(c)[6]
Analyse the effects of increased competition among firms.
(d)[8]
Discuss whether improving education can help a government meet its macroeconomic aims.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Selling or transferring assets” …