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: to prevent harm from demerit goods
📋 Examiner Report & Trap Analysis
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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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