How do governments attempt to correct market failure and what is government failure? quick quiz 3.0 / 5 based on 9 ratings ? EconomicsGovernment intervention in marketsASEdexcel Created by: LottieCreated on: 20-12-11 16:01 What is indirect taxation taxes levied on expenditure 1 of 8 What is a subsidy? Grant provided by the gov to encourage production/consumtion of a particular good 2 of 8 What are tradable pollution permits? an emissions trading sytem 3 of 8 What is carbon offsetting? paying for removal of same amount of carbon emissions elsewhere 4 of 8 What are renwable energy certificates? certificates that you must buy from the government if you cannot use renewable energy 5 of 8 What are property rights? rights allocated by the gov about what rights you have on a property 6 of 8 What are buffer stock schemes? operated by the gov to reduce price fluxations of a commodity and stabilise producer incomes 7 of 8 What is minimum pricing? garanteed price scheme 8 of 8
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