What students need to learn:
Content
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Students should be able to:
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Additional Guidance Notes
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Government failure
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Define and explain different types of government failure, for example,
undesirable outcomes from agricultural stabilisation policies; environmental
policies; transport, housing and the national minimum wage.
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Students should understand that government intervention may result in
a net welfare loss.
Students should understand the economic arguments for and against an
increase in the national minimum wage.
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Post by Oscar Maldives.
