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Card 16

Front

What are subsidies?

Back

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Card 17

Front

Why are subsidies effective?

Back

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Card 18

Front

What are permits?

Back

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Card 19

Front

Why are permits effective?

Back

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Card 20

Front

What is government failure?

Back

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Card 21

Front

What are the sources of government failure?

Back

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Card 22

Front

What are the 3 associations involved with competition policy? (CC, DTI, OFT)

Back

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Card 23

Front

What 2 policies may be used by the competition policy?

Back

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Card 24

Front

What is monopoly policy?

Back

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Card 25

Front

What are the 2 methods of price control?

Back

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