More 20 Marker Examples Flashcards
(47 cards)
What is one method of government intervention to reduce environmental damage from television content?
Implementing taxation on television consumption to discourage excessive viewing.
This could involve levying taxes on cable subscriptions or streaming services.
What are policy options to reduce market failure from overfishing?
Implementing quotas and subsidies for sustainable fishing practices.
These measures are part of the EU Common Fisheries Policy.
Evaluate whether government intervention can correct market failure in education.
Government intervention can address inequities and improve access to education.
Examples include funding public schools and providing financial aid.
What is a possible way the government can intervene to reduce excess demand for state-funded healthcare?
Implementing co-payments or reducing eligibility for services.
This can help manage demand and ensure resources are available for those most in need.
What is an example of government intervention to reduce carbon emissions?
Implementing a carbon price floor on electricity generators.
This incentivizes a shift towards renewable energy sources.
How has the UK Plastic Bag Charge impacted usage?
Reduced usage by over 95%.
This demonstrates the effectiveness of price-based intervention.
What impact did the London Congestion Charge have?
Reduced traffic and emissions in London.
This illustrates successful targeting of negative externalities.
What is the purpose of Minimum Unit Pricing on Alcohol in Scotland? 2018
To reduce consumption among heavy drinkers.
This policy targets demerit goods.
What is the aim of the Help to Buy Scheme in the UK? 2013
To increase housing demand.
However, it has also distorted market incentives and driven up prices.
What is the Education Maintenance Allowance (EMA)? 2004
A financial incentive to keep students in education.
It was implemented from 2004 to 2010.
What does the EU Common Fisheries Policy include?
Quotas and subsidies to prevent overfishing.
This policy is relevant to sustainability and regulation topics.
What are the disadvantages of a free market approach to television content?
Potential for monopolies, lack of quality control, and limited access for low-income individuals.
These issues can lead to market failures.
What are the advantages of a free market approach to providing services such as education?
Increased competition can lead to improved standards and innovation.
Market principles can drive efficiency in service delivery.
What are the disadvantages of a free market approach to providing healthcare?
Inequitable access and potential for profit-driven care.
This can lead to under-provision for those who cannot afford services.
What are the advantages of a free market approach to cigarette consumption?
Consumer choice and potential for lower prices.
However, this must be balanced against health concerns.
What is the case for government provision of goods and services like flood defense schemes?
To ensure equitable access and protect vulnerable areas.
These services may not be profitable in a free market.
What is the NHS and its significance?
A universal state provision of healthcare in the UK.
It serves as a model for discussing advantages of public provision.
What is the purpose of the Free Schools and Academies Programme in the UK?
To introduce competition and market principles into education.
This aims to boost educational standards.
What does the BBC Licence Fee ensure?
Provision of quality and non-commercial content.
It is relevant for discussions on public goods.
What does the Flood Re Scheme provide?
Affordable insurance for high-risk flood areas.
It demonstrates public intervention in uninsurable markets.
What does the Right to Buy policy in the UK do?
Introduces market-based reforms in housing.
It is often criticized for reducing public housing stock.
What do cigarette taxes and advertising bans illustrate?
How a free market in cigarettes is modified by government due to health concerns.
These regulations aim to reduce consumption.
What are the likely external costs from overfishing of cod?
Ecosystem damage and loss of fish stocks.
These externalities can lead to long-term sustainability issues.
Evaluate whether nuclear power is over- or under-provided using external costs.
Consideration of long-term risks and environmental impacts is necessary.
This evaluation helps determine the ideal level of provision.
