Unit 1 - Introduction to markets and market failure
Exam (elaborations)
1.4- Government Intervention- A level Economics Edexcel Exam Questions
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Course
Unit 1 - Introduction to markets and market failure
Institution
PEARSON (PEARSON)
Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains exam questions for this spec point. [A Level Economics Edexcel A, Exam Questions]
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Question 1a
The EU tradable pollution permits scheme is expected to become more effective by 2020, due to recent reductions in the
number of tradable pollution permits.
(Source adapted from: https://ec.europa.eu/clima/policies/ets_en)
(a)
Explain one likely effect of reducing the number of tradable pollution permits.
[4 marks]
Question 1b
(b)
Regulation of firms that pollute is likely to be a problem because it
A. allows firms to use price signals
B. creates unintended consequences
C. fills information gaps for businesses
D. means lower administrative costs
[1 mark]
Question 2
Discuss the likely success of policies to reduce the consumption of single‑use plastic bags in cities such as Istanbul.
[12 marks]
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