CAPE Economics Unit 1 · 2021 · Paper 2 · Question 3(c)(ii)
Discuss how inefficiency of government spending could affect the economic costs of poverty.
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Practise this questionOther parts of this question
- 3(a)(i)Define the term 'marginal physical product'.[2 marks]
- 3(a)(ii)Define the term 'marginal revenue product'.[2 marks]
- 3(b)(i)Explain how minimum wages can impact the pricing of labour (or wages).[3 marks]
- 3(b)(ii)Explain how industrial action can impact the pricing of labour (or wages).[3 marks]
- 3(b)(iii)Explain how collective bargaining can impact the pricing of labour (or wages).[3 marks]
- 3(c)(i)Discuss how unemployed human resources could affect the economic costs of poverty.[4 marks]
- 3(c)(iii)Discuss how environmental degradation could affect the economic costs of poverty.[4 marks]
More practice: the rest of this paper · more Income Inequality, Poverty and Poverty Alleviation questions · all CAPE Economics Unit 1 past papers