A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2019 · 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
D: Some consumers do not fully recognise the value of education.
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