A levels Economics (Module 1: Markets and Market Failure) Flashcards on Economics - Unit 4 - Gov. Intervention, created by Amardeep Kumar on 13/03/2015.
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Created by Amardeep Kumar
almost 10 years ago
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Close
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Created by Amardeep Kumar
almost 10 years ago
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What is the rationale for government intervention?
Why does the market not provide public goods?
What is the consequence of income inequality?
What is the result of an absence of government intervention?
How do indirect taxes and subsidies correct market failure?
What is government regulation?
What are the 3 forms of price control?
What goods does the state provide?
What is government failure and what are the 3 causes for this?
How does inadequate information result in government failure?
How do conflicting objectives lead to government failure?
How do administrative costs result in government failure?
