A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2015 · 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
A: external benefit, public sector, opportunity cost
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Government microeconomic intervention and see which topics are most likely to come up next.
Sign up free →