1. Free Market Economy and Price Mechanism – Explanation of how a free market allocates resources efficiently using price signals.
2. Price Elasticity of Demand and Business Strategies – Analysis of how firms reduce price elasticity to maintain stable revenue.
3. Subsidies and Opportunity Costs – Evaluation of the trade-offs governments face when providing subsidies, such as in the energy sector.
4. Government Intervention and Specific Taxes – Discussion on why governments impose taxes on goods with negative externalities like cigarettes.
5. Public Transport Demand and Policy Effects – Assessment of how government policies, such as fuel tax reductions or subsidies, impact demand for public transport.
6. Higher Education Market and Student Debt – Examination of the effects of tuition fees, debt accumulation, and student drop-out rates on economic efficiency.
omer uner
Classification: Paper 1
Page count: 36
Viewed: 129
Last update: 5 months ago
Crash report