3.3.5 - Government intervention

The case for government intervention. intervention in.

Use a - case for government intervention. intervention in to connect the rule to the data and decision in the question.

This matters because a - case for government intervention. intervention in determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - case for government intervention. intervention in to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - case for government intervention. intervention in is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Measures to control monopolies and mergers: product markets; price regulation; profit regulation; quality standards; performance targets; referral to regulatory authorities; legislation to control mergers and takeovers.

Use b - measures to control monopolies and mergers: product markets • price regulation • profit to connect the rule to the data and decision in the question.

This matters because b - measures to control monopolies and mergers: product markets • price regulation • profit determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - measures to control monopolies and mergers: product markets • price regulation • profit to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Measures to control monopolies and mergers: product markets • price regulation • profit is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Measures to promote competition and contestability:; tax incentives and grants to promote small businesses and FDI; deregulation; privatisation; competitive tendering for public sector contracts; trade liberalisation.

Use c - measures to promote competition and contestability: • tax incentives and grants to to connect the rule to the data and decision in the question.

This matters because c - measures to promote competition and contestability: • tax incentives and grants to determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - measures to promote competition and contestability: • tax incentives and grants to to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Measures to promote competition and contestability: • tax incentives and grants to is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Measures to protect suppliers and employees:; local sourcing of raw materials and components; employment legislation to protect workers from; exploitation; barriers to entry of foreign firms; restrictions on the monopsony power of firms; nationalisation.

Use d - measures to protect suppliers and employees: • local sourcing of raw materials and to connect the rule to the data and decision in the question.

This matters because d - measures to protect suppliers and employees: • local sourcing of raw materials and determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply d - measures to protect suppliers and employees: • local sourcing of raw materials and to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: d - Measures to protect suppliers and employees: • local sourcing of raw materials and is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

The impact of each measure on:; price; profit; efficiency; quality; choice.

Use e - impact of each measure on: • price • profit • efficiency • quality • choice to connect the rule to the data and decision in the question.

This matters because e - impact of each measure on: • price • profit • efficiency • quality • choice determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply e - impact of each measure on: • price • profit • efficiency • quality • choice to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: e - impact of each measure on: • price • profit • efficiency • quality • choice is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Limits to government intervention:; regulatory capture; asymmetric information/information gaps; inadequate resources; lack of regulatory power.

Use f - limits to government intervention: • regulatory capture • asymmetric to connect the rule to the data and decision in the question.

This matters because f - limits to government intervention: • regulatory capture • asymmetric determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply f - limits to government intervention: • regulatory capture • asymmetric to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: f - Limits to government intervention: • regulatory capture • asymmetric is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

The case for government intervention. intervention in.

Use a - case for government intervention. intervention in to connect the rule to the data and decision in the question.

This matters because a - case for government intervention. intervention in determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - case for government intervention. intervention in to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - case for government intervention. intervention in is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Evaluate maximum and minimum wage controls, direct taxes, measures addressing labour immobility, and measures reducing discrimination and exploitation.

Use b - government intervention in labour markets to connect the rule to the data and decision in the question.

This matters because b - government intervention in labour markets determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - government intervention in labour markets to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Government intervention in labour markets is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.