The table shows government estimates of the private and external benefits and costs of building a new dam. $ million private benefits external benefits private costs external costs What is the difference between the social benefits and social costs of building the dam?

0455_s18_qp_12

MCQ

2018

Paper 1, Variant 2

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What causes market failure?

0455_s19_qp_11

MCQ

2019

Paper 1, Variant 1

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What is a cause of market failure?

0455_s20_qp_12

MCQ

2020

Paper 1, Variant 2

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Which problem will be reduced by a government subsidy to a firm?

0455_s21_qp_12

MCQ

2021

Paper 1, Variant 2

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What is a definition of market failure?

0455_s21_qp_13

MCQ

2021

Paper 1, Variant 3

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What is a correct definition of a demerit good?

0455_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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Which is a type of market failure?

0455_w12_qp_11

MCQ

2012

Paper 1, Variant 1

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Which is a type of market failure?

0455_w12_qp_12

MCQ

2012

Paper 1, Variant 2

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A developer built some large houses in a rural area which poorer people could not afford. The houses destroyed an area of natural beauty. What type of market failure resulted from the development?

0455_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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What is an example of market failure?

0455_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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