A regional authority's taxpayer-funded 'Green Heat Initiative', designed to subsidise the installation of biomass boilers in municipal buildings, has run 250% over budget, led to severe localised air pollution from wood pellets, and ultimately increased greenhouse gas emissions compared to the previous gas heating systems.
Define the term 'government failure'.
9 exam-style questions on Edexcel A A Level Economics 1.4.2 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.