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3.8 Limitations of markets

3.8 Limitations of markets

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Question 8

Which policy is an example of legislation used to reduce a negative externality?

[1]
A

A subsidy for home insulation

B

A legal ban on dumping untreated waste

C

Free state-provided vaccinations

D

A public information campaign

Markscheme

3.8 Limitations of markets Questions

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

31 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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