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IB Economics SL 2.7.1 Reasons for Government Intervention Questions

Practise IB Economics SL 2.7.1 by explaining why governments intervene to raise revenue, support firms, influence production or consumption, correct market failure and promote equity.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Governments intervene to raise revenue, support firms, support low-income households, and influence production or consumption.
  • Intervention can aim to correct market failure and promote equity.

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