Unit 1 Flashcards by Ezra Mukahanana | Brainscape

Q

GOVERNMENT INTERVENTION

TIPSMRS

A

Indirect taxation
Subsidies
Max and min prices
Trade pollution permits
State provision of public goods
Provision of information
Regulation

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Q

GOVERNMENT FAILURE

Causes

A

Distortion of price signals

Excessive admin costs

Unintended consequences

Information gaps

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Q

MARKET FAILURE

A

Externalities
information gaps
under provision of public goods

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