Economics (AS & A Level) · Oct / Nov 2024 · Paper 31 · Question 11
9708Government policies to achieve efficient resource allocation and correct market failure
Which government policy would not be classified as regulation?
- Aa ban on cocaine consumption
- Bcompulsory wearing of seatbelts in cars
- Clicences for the extraction of water from rivers
- Dtaxation of cigarettes
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Correct answer: D. taxation of cigarettes
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