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1.6 Market failure

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Question 56

A factory is required by law to install filters that reduce harmful smoke. Which method of government intervention is being used?

[1]
A

A consumer subsidy

B

A reduction in information

C

Regulation of production

D

Voluntary exchange without rules

Markscheme

1.6 Market failure Questions

  1. GCSE
  2. /Economics
  3. /1.6 Market failure

83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.

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