Edexcel A-Level Economics A2 3.3.5 1f Limits to Government Intervention Regulatory Capture Asymmetric Topic Practice

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Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

3.3.1 - Types and sizes of businesses

3.3.2 - Revenue, costs and profits

3.3.3 - Market structures and contestability

3.3.4 - Labour markets

3.3.5 - Government intervention

3.3.5.1a - case for government intervention. intervention in

3.3.5.1b - Measures to control monopolies and mergers: product markets • price regulation • profit

3.3.5.1c - Measures to promote competition and contestability: • tax incentives and grants to

3.3.5.1d - Measures to protect suppliers and employees: • local sourcing of raw materials and

3.3.5.1e - impact of each measure on: • price • profit • efficiency • quality • choice

3.3.5.1f - Limits to government intervention: • regulatory capture • asymmetric

3.3.5.2a - case for government intervention. intervention in

3.3.5.2b - Types of government intervention in labour markets and their labour markets effects: •

Unit 4: Developments in the Global Economy

4.3.1 - Causes and effects of globalisation

4.3.2 - Trade and the global economy

4.3.3 - Balance of payments, exchange rates and international competitiveness

4.3.4 - Poverty and inequality

4.3.5 - The role of the state in the macroeconomy

4.3.6 - Growth and development in developing, emerging and developed economies

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