
Ch38 Gov't intervention in microeconomics

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Chloe Zhang
FREE Resource
Student preview

8 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a specific tax?
Back
A specific tax is one that is fixed per unit purchased.
2.
FLASHCARD QUESTION
Front
What is an ad valorem tax?
Back
An ad valorem tax is charged as a given percentage of the price.
3.
FLASHCARD QUESTION
Front
What is a regulation?
Back
A regulation is a control imposed by a government or by a regulatory organisation.
4.
FLASHCARD QUESTION
Front
What are property rights?
Back
Property rights are where the owner has a right to decide how an asset may be used.
5.
FLASHCARD QUESTION
Front
What is a pollution permit?
Back
A pollution permit is a type of licence that is given by a government to allow a firm to pollute up to a given level of pollution.
6.
FLASHCARD QUESTION
Front
How do governments provide information to correct market failure?
Back
Governments provide information to correct market failure, for example, through the over consumption of demerit goods.
7.
FLASHCARD QUESTION
Front
What is the purpose of ‘nudge’ theory?
Back
The purpose of ‘nudge’ theory is to prompt individuals into making more effective decisions, for example, in relation to consumption.
8.
FLASHCARD QUESTION
Front
What is government failure?
Back
Government failure occurs where government intervention to correct market failure leads to a net loss of economic welfare.
Similar Resources on Wayground
12 questions
Articles of Confederation

Flashcard
•
9th - 12th Grade
15 questions
Retirement Accounts

Flashcard
•
12th Grade
15 questions
groceries test

Flashcard
•
KG - 12th Grade
7 questions
Policy and Social Issues Flashcard

Flashcard
•
12th Grade
5 questions
State Revenue and Taxation

Flashcard
•
12th Grade
9 questions
W5.Q1 Understanding Taxes Review

Flashcard
•
12th Grade
11 questions
W!SE Taxation

Flashcard
•
10th - 12th Grade
15 questions
Chapter 14: Taxes and Government Spending Review

Flashcard
•
12th Grade
Popular Resources on Wayground
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World

Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
20 questions
ELA Advisory Review

Quiz
•
7th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns

Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Social Studies
1 questions
PLT Question for 09/21/25

Quiz
•
9th - 12th Grade
1 questions
PLT CFA 9/30/2025

Quiz
•
9th - 12th Grade
36 questions
Unit 5 Key Terms

Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms

Quiz
•
11th Grade - University
1 questions
PLT CFA 10/2/25

Quiz
•
9th - 12th Grade
28 questions
Unit 3: CFA 4 (Standard 7)

Quiz
•
12th Grade
19 questions
Unit #2.2 & 2.3 Economics Review

Quiz
•
12th Grade
1 questions
Ch 5 CFA-Map

Quiz
•
9th - 12th Grade