Skip to content

Course home

Sign up

2.3 How the government manages the economy

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152535455565758596061626364656667686970717273747576
Question 51

A regional coach market had rules that limited the entry of new firms. These rules were loosened in 2023. Table 1 shows changes in the market.

YearNumber of operatorsAverage operating cost per passenger
2022, before the rules were loosened2£4.80
2025, after the rules were loosened5£4.20

Using Table 1, explain how loosening the rules might have increased efficiency in this market and suggest one likely effect on passengers.

[3]
Markscheme

2.3 How the government manages the economy Questions

  1. GCSE
  2. /Economics
  3. /2.3 How the government manages the economy

104 exam-style questions on AQA GCSE Economics 2.3 How the government manages the economy, covering 2.3.1a Fiscal policy and income and expenditure, 2.3.1b Fiscal policy and government objectives, 2.3.1c The government budget, 2.3.2a The meaning of monetary policy, 2.3.2b Uses of monetary policy, 2.3.3a Supply-side policies and their trade-offs, 2.3.3b Using supply-side policies, and 2.3.4 Policies to correct positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank