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3.8 Limitations of markets

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Question 50

The government pays training providers £350 for each adult who enrols on an evening skills course. Students gain skills that can benefit employers as well as the students themselves.

Using this information, analyse the likely effects of the payment on the number of adults taking these courses.

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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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