One reason for the existence of mixed economies is that

Which of the following forms of government intervention could correct market failure?

The cross elasticity of demand for tea is likely to be

Which of the following is the most likely consequence of an increase in the division of labour in the production of beauty products?

With reference to the functions of the price mechanism in a free market economy, which of the following statements is true?

Which of the following goods are likely to have a positive cross elasticity of demand?

The high level of tax on cigarettes may lead to government failure if:

The purpose of a tradeable permit scheme is to

One function of the price mechanism is to:

Which of the following statements about public goods is true?

Dentists working in a market economy may undertake non-essential dental work on patients. A likely explanation for this is: