Q3 · 2021 · External assessmentUnclassified1 mark
QUESTION 3
In contrast to macroeconomic policy, microeconomic reform aims to
(A) limit government intervention in markets.
(B) raise the competitiveness of export businesses.
(C) improve the allocative efficiency of resource use.
(D) increase long-term growth in gross domestic product.
WORKED SOLUTION
1 markAnswer C
OFFICIAL ANSWERC
QCAA awards 1 mark for selecting option C.
Correct option from the official QCAA answer key.