OCR F581 Markets in Action - 11 May 2015 Watch

keynes24
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#641
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#641
(Original post by Gladiatorsword)
January 2013 - 18 marker on subsidising housing. For l4, what could you give as an alternative policy? It can't be information provision because thats not suitable for housing?
Thanks
Lowering stamp duty
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2014_GCSE
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#642
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#642
Can the 18 marker be on anything other than policies? Like it seems to only ever be on regs, taxes, subsidies, permits or a joint thing.

Could they technically do an 18 marker on specialisation? Because if so, that's really worrying to me.
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OrionMusicNet
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#643
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#643
(Original post by Gladiatorsword)
January 2013 - 18 marker on subsidising housing. For l4, what could you give as an alternative policy? It can't be information provision because thats not suitable for housing?
Thanks
Reducing planning permission / regulations. You could argue the problem is that there is not enough space to build and that if there was more land to build on this would incentivise firms to increase supply. Downside is that people could start building homes wherever they wanted which could produce negative externalities and there is no guarantee that the housing will be affordable.
Also I don't know if this would be acceptable but I think you could say that lowering interest rates would lower mortgage payments and potentially make housing more affordable but I am not sure if that is strictly true and whether or not it would be suitable for unit 1.
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Makashima
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#644
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#644
Exam is approaching near...

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amelle1
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#645
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#645
It could be on whether something( such as the NHS) should be public or private good- this came up on one of the past papers- completely vile
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whitg016
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#646
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#646
QUICK QUESTION: what is an example when a regulation would shift supply inwards? Surely regulations just shift demand inwards
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keynes24
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#647
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#647
(Original post by amelle1)
It could be on whether something( such as the NHS) should be public or private good- this came up on one of the past papers- completely vile
Health care is not a public good. The questions was about whether health care should be provided by the government or private sector.
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loooolo12345
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#648
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#648
(Original post by amelle1)
It could be on whether something( such as the NHS) should be public or private good- this came up on one of the past papers- completely vile
do you know which paper it was?
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amelle1
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#649
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#649
(Original post by loooolo12345)
do you know which paper it was?
sorry cant remember from th top of my head- look at the post above
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amelle1
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#650
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#650
(Original post by keynes24)
Health care is not a public good. The questions was about whether health care should be provided by the government or private sector.
sorry, yeah that was the question, was trying to remember it off the top of my head- clearly didn't remember well
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keynes24
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#651
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#651
(Original post by loooolo12345)
do you know which paper it was?
january 2010
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Gladiatorsword
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#652
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#652
(Original post by keynes24)
Lowering stamp duty
How would that solve under production of housing? Wouldn't that increase demand, or is a stamp duty a form of "tax" paid by property developers?

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keynes24
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#653
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#653
(Original post by Gladiatorsword)
How would that solve under production of housing? Wouldn't that increase demand, or is a stamp duty a form of "tax" paid by property developers?

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That would increase demand for house if it is underconsumed. I am afraid I don't remember the question but if it refers to underproduction someone else posted lowering planning restrictions or lower regulations to increase supply.
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2014_GCSE
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#654
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(Original post by whitg016)
QUICK QUESTION: what is an example when a regulation would shift supply inwards? Surely regulations just shift demand inwards
A ban would essentially completely remove the supply curve and basically have no diagram (A ban is a form of regulation).

Also, the government could put a cap on how much of a good a firm could produce. Or they could in theory raise the education starting age to 10, which would reduce supply of education, shifting the the supply curve inwards.
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justfly
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#655
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#655
I've done all past papers and some twice - I don't know what to do now until the exam...
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whitg016
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#656
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#656
what does the diagram look like showing market failure? Is it when MSC is to the left of MPC?
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justfly
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#657
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#657
(Original post by whitg016)
what does the diagram look like showing market failure? Is it when MSC is to the left of MPC?
Your talking about a negative externalities diagram
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Yousf
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#658
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#658
(Original post by 2014_GCSE)
A ban would essentially completely remove the supply curve and basically have no diagram (A ban is a form of regulation).

Also, the government could put a cap on how much of a good a firm could produce. Or they could in theory raise the education starting age to 10, which would reduce supply of education, shifting the the supply curve inwards.
Regulations dont affect the demand curve, only shifts supply curve to the left and demand contracts when when quanitity moves from q1-q2(left)? I think thats what happens.
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Super199
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#659
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#659
Need help with an 18 marker.
'Discuss the extent to which a subsidy given to producers might encourage an increase in the consumption of a product such a pu'er tea which generates positive externalities'.
Need help with level 4. What is the depends up on with subsidies? Are there alternative ways for positive externalities?
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Wall Street
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#660
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#660
It says here that saying a indirect tax shifts the supply curve left is wrong, and that we should refer to it as shifting supply upwards. Has anyone else also been taught to say it shifts left; also, do you think they will deduct marks for saying it shifts left?
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