AQA, Aquinas, Economics, ECON1, Markets, Market Failure

1. ECON1
WWW.AQUINASECONOMICSAS.CO.UK
@AQUINASECONOMIC
Government Intervention
Answer all the questions below
1. Explain how through legislation and regulation the government can
intervene in the market
2. Before the Thatcher Government explain one major role which the
government had in the economy in relation to industry
3. The government could decide to become involved in the economy through
financial intervention. Explain how a government may do this
4. Explain what is meant by an indirect tax
5. How might a government close the information gap?
6. Using the Nelson Thornes text book summarise the effects of government
intervention Pg105 onwards