◈ Oracle PrepSign Up Free
O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2015 · Q91 Mark

How do high direct taxes affect spending and how do high interest rates affect saving by wage-earners?

Aspending: decrease, saving: decrease
Bspending: decrease, saving: increase
Cspending: increase, saving: decrease
Dspending: increase, saving: increase

✓ Correct answer

B: spending: decrease, saving: increase

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Microeconomic decision makers and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 9.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

Microeconomic decision makersMay/June 20111m

A major computer company announced that its profits had fallen below the level predicted. What might have caused this?

Microeconomic decision makersMay/June 20121m

What is likely to cause wages in an occupation to be high?

Microeconomic decision makersMay/June 20121m

A trade union negotiates a basic weekly wage for its members with all employers in an industry. In addition to the ba…

Government and the macroeconomyMay/June 20101m

What is not usually an aim of a government?

Government and the macroeconomyMay/June 20101m

The retail price index of a country rose during a year from 200 to 240. What was the annual rate of inflation?

Government and the macroeconomyMay/June 20101m

What name is given to the type of unemployment that occurs while people search for new jobs?

← Browse all past-paper questions

© 2026 Oracle Prep