An airport is expanding, and the number of night-time flights over nearby villages is expected to rise. The aircraft noise at night disturbs the sleep of village residents. The government is considering two policies: a legal limit on the number of night-time flights, or an information campaign telling passengers how night-time flights affect residents.
Evaluate whether the legal limit or the information campaign would do more to protect village residents from night-time noise.
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.