Government can encourage the consumption of merit goods through
a range of measures including:
• provision of merit goods free at the point of use. health
• compulsion. compulsory schooling or compulsory inoculations
• production subsidy to reduce price. public transport
• consumption subsidy. subsidised gym membership
• improving information. health awareness
• persuasive advertising.
marlinbito answered the question on July 6, 2018 at 10:11
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Explain what is meant by a merit good
(Solved)
Explain what is meant by a merit good
Date posted:
July 6, 2018
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Answers (1)
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Critically examine the view that the government should not intervene in labour markets.
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July 6, 2018
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Analyse how labour markets might be affected by a decrease in the supply of migrant workers.
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July 6, 2018
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July 6, 2018
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Explain the roles of the International Monetary Fund and the World Bank.
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July 6, 2018
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July 6, 2018
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Explain the main reasons why nations engage in international trade
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July 6, 2018
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Explain the shape of a firm’s short-run average and marginal cost curves.
Date posted:
July 6, 2018
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Critically examine some of the ways in which government can encourage businesses to be more environmentally friendly
Date posted:
July 6, 2018
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Answers (1)
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Explain why long-distance transport of fresh food may be an example of market failure.
Date posted:
July 6, 2018
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Answers (1)
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Explain how an economist could assess the efficiency of a market.
Date posted:
July 5, 2018
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Answers (1)
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Evaluate the desirability of a total ban on price discrimination.
Date posted:
July 5, 2018
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Answers (1)
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Explain why firms engage in price discrimination.
Date posted:
July 5, 2018
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Explain why the cost of supplying a litre of tap water is likely to be lower than the cost of supplying a litre of bottled water
Date posted:
July 5, 2018
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Critically examine the impact of increasing competition in the markets for electricity and gas.
Date posted:
July 5, 2018
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Explain the difference between natural and artificial barriers to entry.
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July 5, 2018
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Explain the difference between unemployment and economic inactivity.
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July 5, 2018
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Evaluate the view that GDP statistics should not be used as an indicator of economic welfare
Date posted:
July 5, 2018
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Explain the main factors which determine an economy’s rate of economic growth
Date posted:
July 5, 2018
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(Solved)
Critically examine the view that fiscal policy is the most effective means of controlling aggregate demand.
Date posted:
July 5, 2018
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Answers (1)