plumiLimitations of markets: OCR GCSE Economics questions
Every OCR GCSE Economics exam question on 3.8 Limitations of markets, 2021–2025, with its mark scheme and examiner’s report.
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Q21(a)
The whole paper ↗0 wordsQ21(b)
The whole paper ↗0 wordsQ21(c)
The whole paper ↗0 wordsQ21(d)(i)
The whole paper ↗0 wordsQ21(d)(ii)
The whole paper ↗0 wordsQ21(d)(iii)
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Q22(d)(i)
The whole paper ↗0 wordsQ22(d)(ii)
The whole paper ↗0 wordsQ22(d)(iii)
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All 19 questions on Limitations of markets, as a list
- June 2025, Paper 2, Q21(a) (2 marks): Using Extract 1, explain which country’s CO2 emissions fell most between 2000 and 2020. [2]
- June 2025, Paper 2, Q21(b) (2 marks): Using Extract 1, calculate the UK’s total CO2 emissions in 2000, when the population was 58.89 million. Show your working. Answer [2]
- June 2025, Paper 2, Q21(c) (6 marks): Using a diagram, analyse how an indirect tax might have led to a change in CO2 emissions in the UK between 2000 and 2020. [6]
- June 2025, Paper 2, Q21(d)(i) (2 marks): State two goods or services with positive externalities, other than vaccinations. 1 2 [2]
- June 2025, Paper 2, Q21(d)(ii) (2 marks): Explain why governments often give subsidies for the public provision of vaccinations. [2]
- June 2025, Paper 2, Q21(d)(iii) (6 marks): (iii)* Evaluate the benefits of a government policy to subsidise vaccinations. Use the information given in Extract 1 and your own knowledge. [6]
- June 2024, Paper 2, Q3 (1 mark): Which statement shows a negative externality affecting a worker in the car industry? A A worker is retrained so they can use new machinery as part of their job
- June 2024, Paper 2, Q9 (1 mark): Education results in positive externalities being generated. To ensure that these are internalised the UK government provides state education. What is an opport
- June 2024, Paper 2, Q15 (1 mark): Indirect taxation is one policy a government can use to correct negative externalities. This policy works through the A demand curve shifting to the right as pr
- June 2024, Paper 2, Q16 (1 mark): A government intends to use information provision to encourage the consumption of a good which has a positive externality. Why would a policy of information pro
- June 2023, Paper 2, Q15 (1 mark): A positive externality is A any external cost which occurs as supply increases B any positive consequence of a firm employing more workers in the long run C the
- June 2023, Paper 2, Q17 (1 mark): Limits on who can buy tobacco and where people are allowed to smoke are examples of regulation to correct negative externalities. What is a benefit of regulatio
- June 2023, Paper 2, Q18 (1 mark): The government wants to reduce the levels of pollution by encouraging more individuals to use public transport. In which of the following market diagrams for pu
- June 2022, Paper 2, Q9 (1 mark): Which of the following leads to a positive externality? A A subsidy B A tax C A vaccination D An export [1]
- June 2022, Paper 2, Q18 (1 mark): Which of the following is a possible cost if a government increases taxation to reduce a negative externality? A A decrease in government revenue B An increase
- June 2022, Paper 2, Q19 (1 mark): Which of the following is not a policy to correct an externality? A Free trade agreement B Legislation C Regulation D State provision [1]
- November 2021, Paper 2, Q22(d)(i) (2 marks): Give two examples of additional costs households may have to pay as a result of policies to reduce carbon emissions. Example 1 Example 2 [2]
- November 2021, Paper 2, Q22(d)(ii) (2 marks): Explain an opportunity cost of a government’s increased investment in renewable energy sources. [2]
- November 2021, Paper 2, Q22(d)(iii) (6 marks): (iii)* Evaluate whether government policies to correct negative externalities would benefit consumers. Use the information given in Extract 2 on page 12 and you
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