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Questions on missing markets


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Missing markets

Question 1

A new orbital motorway has been proposed for a major city, but there is a debate about whether it is really needed and who should pay for it.

  1. Analyse the likely costs and benefits associated with this motorway.

  2. Consider alternative ways to fund the building and maintenance of this motorway.

  3. Since the late 17th Century lighthouses have helped ships safely navigate coastal waters at night.

Why are free markets unlikely to construct and maintain lighthouses?

Explain how lighthouses could be funded without markets

WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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Savings ratio

Savings ratio falls to lowest level on record.

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