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

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Question 8

Extract B (lines 8–10) states: ‘the exploitation of deep-sea polymetallic nodules represents a vital frontier for securing the mineral resources required for global decarbonisation, promising vast economic returns.’

Use the extracts and your knowledge of economics to evaluate whether governments and international regulatory bodies should do more to control the global deep-sea mining industry.

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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