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A Level Eco - Macro 2 > International Competitiveness - Knowledge > Flashcards

International Competitiveness - Knowledge Flashcards

1
Q

What are the 8 state policies which could be imposed?

A

Protectionism
Competitive Devaluation
Investment in Infrastructure
Increasing access to finance for businesses
Encouraging businesses to invest
Cutting corporation tax
Simplifying business regulation
Creating an educated workforce

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2
Q

How to remember?

A

ICEPICCS
(icepicks with a double C)

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3
Q

What are the first four state policies which could be imposed?

A

Protectionism
Competitive Devaluation
Investment in Infrastructure
Increasing access to finance for businesses

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4
Q

What are the other four state policies which could be imposed?

A

Encouraging businesses to invest
Cutting corporation tax
Simplifying business regulation
Creating an educated workforce

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A Level Eco - Macro 2 (185 decks)

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