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3.8 Limitations of markets

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Question 105

What is an opportunity cost of state provision of healthcare?

[1]
A

The external benefit received by society

B

The lower price paid by patients

C

The additional consumption of healthcare

D

The benefit from the best alternative government use of resources

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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