Document page
Economics IGCSEPDF 79
118 pagesrevision 46932
PDF 79
Page image rendered from the stored file at 110 dpi; it sharpens as you zoom. Outlines are placed from each region’s stored position on the page (612 × 792 pt).
readable
Source of this text: embedded text layer. The better of the embedded text and OCR is kept.
●
To Provide Legal Framework:
Establishing laws (e.g., contractlaw,
property rights) that are essentialfor
markets to function fairly, securely,
and efficiently.
Notes: Roles of Government at
Different Levels
● Local Level: Responsible for
providing essential services within a
specific geographic area.
○ Examples: Local roads
maintenance, rubbish
collection, running local
schools, and fire services.
● National Level: Responsible for
managing the entire national
economy and providing national
public services.
○ Examples: Setting national
tax and spending plans,
controlling the money supply,
providing national defence,
and implementing economic
policy.
● International Level: Responsible
for managing economic relationships
with the rest of the world.
○ Examples: Negotiating trade
agreements, imposing
measures like tariffs or
quotas, and representing the
country in global economic
organisations.
Unsolved Past Paper Questions
Question 1.1 (4 Marks)
Explain
government.
two
reasons why the provision of
public goods
is usually the responsibility of the
Question 1.2 (6 Marks)
Analyse the role of a government at the
welfare.
international level
in promoting the country's economic
Question 1.3 (8 Marks)
Discuss whether governments should always intervene in markets to provide
healthcare and education free of charge.
merit goods
like
Solved Answers (Note Form)
Q1.1: Provision of Public Goods (4 Marks)