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Cambridge AS & A Level Economics

8Government microeconomic intervention (A Level)

Government microeconomic intervention (A Level) in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic205 practice questions9 lessons

In this topic

Lessons

  • Government failure and evaluating intervention in markets

    55 min

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  • Nationalisation, privatisation and commercialisation of state enterprises

    55 min

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  • Regulation, quotas, tradable permits, property rights and nudges

    60 min

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  • Poverty, equity and equality: policies and the poverty trap

    60 min

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  • Economic rent, transfer earnings and quasi-rent

    50 min

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  • How wages are determined: competitive markets, unions, minimum wages and monopsony

    55 min

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  • The demand for labour and marginal revenue product theory

    55 min

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  • The supply of labour: to a firm, to an occupation and to the economy

    50 min

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  • Wage differentials: why different jobs pay different wages

    55 min

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Sample question

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Government microeconomic intervention (A Level): sample question

1 mark

If the supply of a factor is perfectly inelastic, its earnings are

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