Unit 1 - Introduction to markets and market failure
Exam (elaborations)
1.4- Government Intervention- A level Economics Edexcel Exam Questions
23 views 0 purchase
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 a mix of exam style questions with extract/sources just like the real exam. The marks are for AS level but you can just as easily use...
Unit 1 - Introduction to markets and market failure
All documents for this subject (195)
Seller
Follow
EconomicsNoteAndExamQuestions
Reviews received
Content preview
UNIT ASSESSMENT
Edexcel A Level
Economics (A)
Unit Assessment
1.4 Government Intervention
(Edition 1)
Time: 70 minutes
Maximum marks: 50
Name
Centre Name
, Edexcel A Level Economics (A)
Unit Assessment – 1.4 Government Intervention
Section A
ANSWER ALL THE QUESTIONS
1a One appropriate intervention the government could use to reduce the consumption of cigarettes
would be to
A subsidise tobacco producers. o
B introduce a minimum price on tobacco. o
C reduce spending on information campaigns. o
D introduce a maximum price on tobacco. o
(1 mark)
1b Define the term ‘government failure’
(2 marks)
1c Farmers in agricultural markets often suffer from price fluctuations; this can make it difficult for them
to sustain themselves in the market as they cannot always cover their production costs.
Draw a diagram in the space below to show how a minimum price introduced by the government
would impact the equilibrium price and output for farmers in agricultural markets.
(4 marks)
Page 2 Edexcel A Level Economics (A) Unit Assessment www.tutor2u.net/economics
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EconomicsNoteAndExamQuestions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.87. You're not tied to anything after your purchase.
