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Give 6 advantages of indirect taxes to correct market failure
Why does the government intervene in markets?
Give 8 disadvantages of using indirect taxes to correct market failure
what is a subsidy?
what are the 3 main advantages of subsidies?
Give 4 disadvantages of subsidies
when will a maximum price have no effect?
What are the 3 main advantages of a maximum price?
Give 5 disadvantages of maximum price schemes
What are 2 reasons for the introduction of a minimum price
What is a GUARANTEED minimum price?
Name 6 advantages of minimum prices
Give 9 disadvantages of minimum prices
What is a cap and trade system?
What are the 6 advantages of tradable pollution permits?
Name 8 disadvantages of tradable pollution permits
What are the 3 main reasons to the state provision of information?
What are the 4 advantages of regulations?
What are the 5 disadvantages of regulations?
What is government failure?
What are the 3 types of government failure?
