AQA•A-Level•Economics
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Government Intervention in Markets
Methods of government intervention and government failure
Practice 35 subtopics in Government Intervention in Markets. All questions match the AQA A-Level specification.
About Government Intervention in Markets
Government Intervention in Markets is a key topic in the AQA A-Level Economicsspecification. This topic covers methods of government intervention and government failure.
Master all 35 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (35)
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Correcting market failureRedistributing incomeProviding public goodsAd valorem taxesSpecific taxesEffect on marketsTax incidenceInternalising externalitiesEffect of subsidies on marketsSubsidy to correct positive externalitiesProblems with subsidiesMaximum prices (price ceilings)Minimum prices (price floors)Buffer stock schemesCarbon tradingPollution permitsCap and tradeDirect provisionContracting outAddressing information failureLabelling requirementsPublic information campaignsPurpose of regulationTypes of regulationCosts and benefits of regulationNationalisationArguments for and againstDefinition of government failureCauses of government failureUnintended consequencesDistortion of price signalsInformation gapsAdministrative costsRegulatory capturePolitical self-interest
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