Economics 2281 · O Level · Employment and unemployment
Employment and unemployment — practice question
Global unemployment was forecast to rise by more than two million in 2017. However, unemployment rates differ from country to country. To bring unemployment down, some governments apply fiscal policy measures, while others use supply-side policy measures. Trade protection can also have an effect on the unemployment rate.
(a)[2]
Identify two distinct fiscal policy measures.
(b)[4]
Explain two reasons why the unemployment rate may be higher in one country than in another.
(c)[6]
Analyse how supply-side policy measures can lower unemployment.
(d)[8]
Discuss whether a government should protect its country’s industries against foreign competition.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme.