A-LevelEconomicsMarket Failure & Government InterventionOct/Nov 2015Paper 1 Q141 Mark
In 2011, the Health Ministry in a country encouraged parents to have their children vaccinated against measles. The parents did not have to use the vaccine and did not have to pay for it. The government cancelled other projects to fund the programme from taxation because research concluded that the vaccine benefited the community by preventing the spread of a serious illness. Which concepts are implied in the above statement?
Aexternal benefit, public sector, opportunity cost
Bmarket mechanism, fiscal policy, public good
Cmerit good, normative statement, regulatory control
Dprivate cost, social benefit, monetary policy
✓ Correct Answer
The correct answer is A: external benefit, public sector, opportunity cost
📋 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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