Subsection 2.10. Market failure for Economics, IGCSE - revisedeck

2.10. Market failure

A subsection of Economics, 0455, through 2. The allocation of resources

Listing 10 of 45 questions

Although some economists believe that resources should be allocated through market forces, markets often fail. What might be an example of market failure?

0455_m15_qp_12

MCQ

2015

Paper 1, Variant 2

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How are social costs calculated?

0455_m16_qp_12

MCQ

2016

Paper 1, Variant 2

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What is an example of market failure?

0455_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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Which characteristics of a product will cause market failure?

0455_m21_qp_12

MCQ

2021

Paper 1, Variant 2

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What is an example of market failure?

0455_s11_qp_11

MCQ

2011

Paper 1, Variant 1

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What is an example of market failure?

0455_s11_qp_12

MCQ

2011

Paper 1, Variant 2

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What is an example of market failure?

0455_s11_qp_13

MCQ

2011

Paper 1, Variant 3

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In 2010, a major oil leak from an oil rig affected many people living around the Gulf of Mexico. What type of market failure did they experience?

0455_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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What is an example of market failure?

0455_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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What is an example of market failure?

0455_s12_qp_13

MCQ

2012

Paper 1, Variant 3

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Questions Discovered

45