A-LevelEconomicsMarket Failure and Government InterventionOct/Nov 2018Paper 4 Q225 Marks
'A society that cares about efficiency needs to provide government funds for social sciences that work on the assumption that efficiency matters'. (Royal Society of Arts Journal, Issue 4, 2013) Explain what is meant by economic efficiency. Consider whether you agree that the only way to achieve economic efficiency is through public sector intervention in the economy.
📋 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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