Government microeconomic intervention (A level)

Worked examples (6)

• 1Match policy to market failure (4 marks)
• 2Pollution permits vs a tax (5 marks)
• 3Explain nudge theory (5 marks)
• 4Government failure from a maximum price (6 marks)
• 5Nationalisation vs privatisation (5 marks)
• 6Evaluate intervention vs government failure (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Distinguish equity and equality (4 marks)
• 2Absolute vs relative poverty (4 marks)
• 3Explain the poverty trap (5 marks)
• 4Means-tested vs universal benefits (5 marks)
• 5Universal basic income (6 marks)
• 6Evaluate reducing inequality (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Explain derived demand for labour (3 marks)
• 2Calculate marginal revenue product (4 marks)
• 3Factors affecting labour supply (4 marks)
• 4Minimum wage in a monopsony (6 marks)
• 5Transfer earnings and economic rent (5 marks)
• 6Evaluate trade union effects (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style