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3.8 Limitations of markets

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Question 104

What is a possible limitation of information provision?

[1]
A

It always creates a budget surplus

B

It changes supply rather than demand

C

Consumers may ignore or misunderstand the information

D

It makes enforcement unnecessary in every case

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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