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1.8 The market mechanism, market failure and government intervention in markets

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Question 2

Extract C

"... The rapid deployment of satellite-based navigation and automated road-pricing systems has fundamentally altered how we manage transport infrastructure. While highway networks have traditionally been viewed as a quasi-public good (line 14), modern digital tracking makes it technically feasible to exclude non-payers, potentially pushing these services closer to the private sphere..."

Define the term 'quasi-public good' with reference to Extract C (line 14).

[3]
Markscheme

1.8 The market mechanism, market failure and government intervention in markets Questions

  1. A Level
  2. /Economics
  3. /1.8 The market mechanism, market failure and government intervention in markets

378 exam-style questions on AQA A Level Economics 1.8 The market mechanism, market failure and government intervention in markets, covering 1.8.1 How markets and prices allocate resources, 1.8.2 The meaning of market failure, 1.8.3 Public goods, private goods and quasi-public goods, 1.8.4 Positive and negative externalities in consumption and production, 1.8.5 Merit and demerit goods, 1.8.6 Market imperfections, 1.8.7 Competition policy (A-level only), 1.8.8 Public ownership, privatisation, regulation and deregulation of markets (A-level only), 1.8.9 Government intervention in markets, and 1.8.10 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.

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