AO2 Flashcards
1
Q
Basic economics problem
A
Water shortage CAPE TOWN SA
2
Q
Subsidies
A
Gas, fuel, rice INDIA
Electric cars UK
3
Q
Taxation
A
Sugary drinks (5g per 100ml) UK
4
Q
Max price
A
Rent control NEW YORK
Basic food VENEZUELA
5
Q
Min price
A
Alcohol SCOTLAND
6
Q
Info provision
A
5 a day
Smoking kills
Food ingredients
7
Q
Negative production externality
A
Manufacturing factories
8
Q
Positive production externality
A
Research and development
9
Q
Regulation
A
Banning smoking in public areas UK
Ban refills of soft drinks FRANCE
10
Q
Pollution permit
A
ETS EU
11
Q
Perfect competition
A
Market stalls
Tuk tuk INDIA
12
Q
Monopolistic
A
Taxi
Fast food burgers US
13
Q
Oligopoly
A
Supermarket UK (contestable) Energy (non-contestable)
14
Q
Monopoly
A
Durex (necessity)
15
Q
Price discrimination
A
1st: Amazon
2nd: airline
3rd: railway
