The following BBC article about weighing schoolchildren and the clip on free school meals in Scotland show the government response to the free market failing due to childhood obesity
http://news.bbc.co.uk/1/hi/uk/7055735.stm
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7050000/newsid_7055700?redirect=7055785.stm&news=1&nbwm=1&bbwm=1&bbram=1&nbram=1&asb=1 >
a) Why, in economic terms (ie in terms of costs and benefits) does the government worry if children become osese?
b) What form of intervention do these 2 schemes represent?
c) Discuss the extent to which either scheme is likely to be successful in reducing the market failure
Monday, October 22, 2007
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