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ScotlandEconomicsQuick questions
Economic Markets: Structures and Intervention
Quick questions on Market failure and government intervention: externalities, policy responses and government failure - SQA Advanced Higher Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Explain why a free market under-produces a good with a positive externality. [3 marks]
What is q2?Show answer
Give one advantage and one disadvantage of using tradable pollution permits to cut emissions. [2 marks]
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