Market Failure · CSEC Economics

14 past-paper questions on Market Failure, part of Section 4: Market Structure and Market Failure, from every CSEC Economics paper on Quelpr.

1. 4(b)3 marks· CSEC Economics · May/June 2007 · Paper 2List THREE reasons why markets fail.
2. 2(c)4 marks· CSEC Economics · May/June 2008 · Paper 2Externalities can be positive or negative. Using an example, outline the difference between a positive and a negative externality.
3. 2(d)6 marks· CSEC Economics · May/June 2008 · Paper 2Market failure may have several consequences on an economy. Discuss THREE of those consequences.
4. 7(a)2 marks· CSEC Economics · May/June 2009 · Paper 2Define the term 'market failure'.
5. 7(b)5 marks· CSEC Economics · May/June 2009 · Paper 2Outline THREE causes of market failure.
6. 7(c)5 marks· CSEC Economics · May/June 2009 · Paper 2Describe TWO consequences of market failure in the transportation sector in a named Caribbean territory.
7. 5(b)2 marks· CSEC Economics · May/June 2010 · Paper 2List TWO consequences of a market failure.
8. 7(c)3 marks· CSEC Economics · May/June 2014 · Paper 2List THREE causes of market failure.
9. 5(c)(i)4 marks· CSEC Economics · May/June 2015 · Paper 2Externalities
10. 5(c)(ii)4 marks· CSEC Economics · May/June 2015 · Paper 2Monopolies
11. 2(a)2 marks· CSEC Economics · May/June 2016 · Paper 2Define the term 'market failure'.
12. 2(b)3 marks· CSEC Economics · May/June 2016 · Paper 2List THREE causes of market failure.
13. 6(f)5 marks· CSEC Economics · May/June 2016 · Paper 2Describe how the market for cigarettes can contribute to market failure.
14. 6(d)5 marks· CSEC Economics · May/June 2017 · Paper 2After ten years, the market for tamarind balls suddenly failed. Discuss TWO possible reasons for the failure.