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2024 A/L Economics Past Paper – Question MCQ 31 Answer
Question: In the context of public goods, the characteristic of ‘non-rivalry’ means that: (1) it…
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2024 A/L Economics Past Paper – Question MCQ 32 Answer
Question: Which of the following taxes is considered ‘regressive’? (1) Personal Income Tax. (2) Corporate…
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2024 A/L Economics Past Paper – Question MCQ 33 Answer
Question: Transfer payments differ from government purchases of goods and services because: (1) they are…
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2024 A/L Economics Past Paper – Question MCQ 34 Answer
Question: The significant increase in government tax revenue in Sri Lanka after 2022 was primarily…
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2024 A/L Economics Past Paper – Question MCQ 35 Answer
Question: In the context of the IMF Extended Fund Facility (EFF) for Sri Lanka, ‘Debt…
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2024 A/L Economics Past Paper – Question MCQ 36 Answer
Question: The ‘Primary Deficit’ in the government budget is defined as: (1) Fiscal Deficit +…
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2024 A/L Economics Past Paper – Question MCQ 37 Answer
Question: The ‘Headcount Index’ of poverty measures: (1) the depth of poverty in a country.…
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2024 A/L Economics Past Paper – Question MCQ 38 Answer
Question: Which of the following is NOT a component of the Human Development Index (HDI)?…
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2024 A/L Economics Past Paper – Question MCQ 39 Answer
Question: ‘Globalization’ is best described as the process of: (1) restricting international trade to protect…
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2024 A/L Economics Past Paper – Question MCQ 40 Answer
Question: The main difference between a Free Trade Area (FTA) and a Customs Union (CU)…