A-LevelEconomicsThe Market System and Market FailureMay/June 2019Paper 1 Q41 Mark
What justifies government intervention in the provision of a merit good such as education?
APeople who pay for education value it more than those who cannot pay.
BPrivate schools have more merit than state schools.
CSocial costs of providing education outweigh social benefits of education.
DSome consumers do not fully recognise the value of education.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of the market system and market failure within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
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