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3.8 Limitations of markets

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Question 83

A bookshop pays a local artist to paint a large mural on the outside wall of its shop, which faces a busy street.

Which of the following is a positive externality of the mural?

[1]
A

The artist is paid for the work and gains future commissions

B

Pedestrians passing the shop enjoy looking at the mural

C

Crowds stopping to photograph the mural block the pavement

D

The bookshop attracts more customers and earns more revenue

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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