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Economic management — Question 5

QCAA 2023, Paper 1 · 1 mark

Q5 · 2023 · External assessmentUnclassified1 mark

QUESTION 5

Assume the government significantly increases excise taxes on fuels to encourage more electric vehicles.

How will this initiative affect the Australian economy?

(A) increase domestic-based inflation

(B) increase the supply of electric cars

(C) raise employment in the Australian car industry

(D) raise transportation costs of fruit and vegetables

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