Monday, October 22, 2007

Unit 2: Market failure: Obesity

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
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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

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