The following full essays are included in our Microeconomics: 10 Past Paper Essays on Market Failure.
Evaluate the economic case for and against the government subsidising rail fares.
Evaluate the economic case for and against allowing market forces to determine food prices without any intervention by governments.
Explain why the prices of grains such as corn and wheat were rising in the extract. Use your economic analysis and a diagram to explain your answer.
Explain how the building of wind turbines may affect house prices in the area in which the wind turbines are located.
Evaluate the economic case for and against leaving the provision of renewable energy to the free market.
Discuss the policy options governments have at their disposal to try and increase the consumption of healthy foods.
Explain what is meant by a ‘perfectly competitive market.’
Evaluate the case for government provision of goods and services such as flood defence schemes or housing.
Examine the possible economic effects of farmers ‘burning more rainforest to turn land into cattle ranches and into fields for growing crops.’
Discuss whether services such as healthcare should be entirely provided by the government rather than an alternative method of intervention like government subsidisation of firms.