A-LevelEconomicsMarket Failure and Government InterventionFeb/Mar 2018Paper 1 Q41 Mark
The Bureau of Alcohol, Tobacco, Firearms and Explosives is a branch of the United States Government which regulates markets. What does its name imply is most likely to be its main responsibility?
Ato prevent harm from demerit goods
Bto provide subsidies for essential goods
Cto raise revenue from goods in elastic demand
Dto safeguard employment in manufacturing industry
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of market failure and government intervention within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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