AS Paper 1, June 2017Introduction to Markets and Market Failure

AS Paper 1, June 2017, Q4(b)

Which one of the following is likely to result in an increase in carbon emissions?

Multiple choice1 mark

Context

The excess supply of carbon steel has recently caused its global price to fall below $530 per tonne.

AIntroducing a tradable pollution permits scheme
BShutting down steel factories
CSubsidising the steel industry to install cleaner technology
DReducing indirect taxes on steel products

Specification topics

Government intervention in marketsExternalities

Revision notes

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