market failure case studies (unfinished)

Question 1

how much is smoking estimated to cost the heath service in 2023

Answer 1

£3 billion a year

Question 2

by how much was smoking estimated to harm productivity in 2023?

Answer 2

• estimated loss of £14 billion in productivity a year

Question 3

give a statistic that suggests that spending on public transport has positive externalities.

Answer 3

the government says that every £1 spend on public transport leads to £4 in benifit to the wider economy

Question 4

give a statistic to suggest the positive externalities of education.

Answer 4

the uk govt estimated that every additional year of educaton leads to a 18-35% rise in GDP per capita

Question 5

of britains richest 100 companies what is the wage differential?

Answer 5

• on average the ceos earn 143 x the average worker

Question 6

how many people in the US do not have health insurance and therefore access to health care?

Answer 6

26 million

Question 7

how much on average does the textiles industry in bangladesh emmit each year?

Answer 7

1.2 billion tonnes of green house gases

Question 8

how much water is used by the textiles industry in banglades anually?

Answer 8

• 1500 billion litres

Question 9

how much of world water waste is estimated (by the world bank) to come from textiles dyes?

Answer 9

• 20%
• untreated water containing heavy metals flows into rivers and increases disease amoung Bangladeshi citizens