Government Failure (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is government failure?
What is government failure?
When govt intervention worsens allocation
What problem arises from conflicting policy objectives?
What problem arises from conflicting policy objectives?
Short-term thinking over long-term gains
When do administrative costs represent government failure?
When do administrative costs represent government failure?
When high relative to benefits achieved
What does the 'law of unintended consequences' refer to?
What does the 'law of unintended consequences' refer to?
Intervention unleashes unforeseen effects
What do price ceilings (maximum price laws) create?
What do price ceilings (maximum price laws) create?
Excess demand and black markets
Why did the UK introduce the landfill tax in 1996?
Why did the UK introduce the landfill tax in 1996?
To create jobs and reduce waste
What unintended consequence did the landfill tax cause?
What unintended consequence did the landfill tax cause?
Significant increase in illegal fly-tipping
How many fly-tipping incidents per hour were recorded in England and Wales?
How many fly-tipping incidents per hour were recorded in England and Wales?
Almost 130 incidents
If landfill demand fell 10% as price rose from 10 to 14 USD per tonne, what was the PED?
If landfill demand fell 10% as price rose from 10 to 14 USD per tonne, what was the PED?
How does government failure differ from market failure?
How does government failure differ from market failure?
They are distinct concepts