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Market Failures and Government Intervention · Term 2

Government Intervention: Regulation and Legislation

Exploring non-price based government interventions to correct market failures.

Key Questions

  1. Justify the use of direct regulation to control negative externalities.
  2. Evaluate the effectiveness of environmental legislation.
  3. Compare the advantages and disadvantages of regulation versus market-based solutions.

ACARA Content Descriptions

AC9EC11K06
Year: Year 11
Subject: Economics & Business
Unit: Market Failures and Government Intervention
Period: Term 2

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