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6. Which ones of these is not a drawback of emission trading?
- Quoted figures may be incorrect.
- Hard and expensive to monitor
- Productivity decreases from having to invest in new technology
- Firms can just buy more permits so pollution levels stay the same
7. For which one of these products would the Government not use a minimum price scheme?
- Coffee
- Cheap alcohol
- Cigarettes
- Milk
8. Which of these is not an example of a public good?
- Defence
- Views
- NHS
- Street lights
9. Which of these is not a form of Government Intervention?
- Taxes
- Subsidies
- Wage costs
- Regulation and permits
10. Which one of these is not a drawback of minimum price schemes?
- Obesity increases
- Opportunity cost to the government
- Surpluses are often dumped in third world countries
- Surpluses are often sold cheaply or destroyed
11. What are private benefits?
- The utility derived from consumption
- Cost to the rest of society of production
- Society benefiting from consumption of a product
- The costs of production or consumption.
12. Which of these is not an example of a quasi-public good?
- Public transport
- Roads
- NHS
- Education