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Cambridge AS & A Level Economics

3Government microeconomic intervention (AS Level)

Government microeconomic intervention (AS Level) in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic113 practice questions5 lessons

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Lessons

  • Market failure: why markets misallocate resources and why governments intervene

    55 min

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  • Direct provision by government and the provision of information

    55 min

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  • Indirect taxes and subsidies: impact and incidence

    50 min

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  • Maximum and minimum prices and buffer stock schemes

    50 min

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  • Inequality of income and wealth and policies to redistribute

    55 min

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Sample question

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Government microeconomic intervention (AS Level): sample question

1 mark

A Gini coefficient of 0.60 in country X and 0.35 in country Y shows that

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