CAIE A-Level Economics A2 8.1.1 Policies for Market Failure Questions

Practise evaluating taxes, subsidies, regulation, price controls, privatisation and nudges as responses to market failure in A2 questions.

Exam points

Evaluate government intervention to correct market failure, including taxes, subsidies, regulation, price controls, privatisation and nudges.

[Maximum number: 1]

What would supporters of a nationalised public transport service expect to be the most likely outcome from the privatisation of train and bus services?

fewer destinations served by trains and buses

lower fares

more frequent services to all destinations

more people employed in public transport services

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CAIE A-Level Economics A2 8.1.1 Policies for Market Failure Questions question 1