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3.8 Limitations of markets

3.8 Limitations of markets

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Question 1

Single-use plastic packaging creates litter and marine pollution. The government is considering an indirect tax, legal limits and an information campaign. Evaluate which policy is likely to reduce the negative externality most effectively.

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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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