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O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2019 · Q191 Mark

Why might a government decide to subsidise a high-cost steel industry?

Aif cheaper imports of steel are improving the balance of payments
Bif economic growth is increasing due to the success of other industries
Cif redundant steel workers can easily be retrained
Dif unemployment in steel producing areas is increasing

✓ Correct answer

D: if unemployment in steel producing areas is increasing

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2019 Paper 1 Variant 2, question 19.

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