Specification point 1.3.3 · Theme 1
Market failure · Introduction to markets and market failure
Questions tagged to this specification point
9 questions
Long-form evaluation and discussion
Case study · The market for television content
Evaluate the possible disadvantages of a free market approach to the provision of television content.
Case study · The market for housing
Evaluate the case for government provision of goods and services such as flood defence schemes or housing.
Questions built around exam extracts
Case study · The market for television content
‘Television content is a public good’ (Extract B). Assess this statement.
Case study · Health provision
‘Public parks are a public good’ (Extract C, line 1). Assess this statement.
Focused calculations, explanations and diagrams
Explain why public goods may not be provided by the private sector.
Explain why flood defences such as those in the Calder Valley are usually provided by the public sector.
Quick checks of economic understanding
What are the characteristics of a private good?
The most likely reason for this grant is to ensure the:
BBC programmes are often referred to as being public goods. This is because: