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3.8 Limitations of markets

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Question 98

Only 62% of children in a region receive a recommended vaccination. The government is considering providing the vaccination free of charge in state clinics.

Explain how state provision of vaccination may correct a positive externality.

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Markscheme

3.8 Limitations of markets Questions

  1. GCSE
  2. /Economics
  3. /3.8 Limitations of markets

127 exam-style questions on OCR GCSE Economics 3.8 Limitations of markets, covering 3.8.1 Positive and negative externalities, 3.8.2 Policies to correct externalities, 3.8.3 Impact of externality policies, and 3.8.4 Costs and benefits of externality policies. Each one has a worked solution and a mark scheme showing where the marks go.

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