Economics 9708 · AS & A Level · Government intervention in markets

Government intervention in markets — practice question

The Bureau of Alcohol, Tobacco, Firearms and Explosives is an agency of the United States Government that oversees markets. What does its name suggest is most likely to be its principal responsibility?

  • Ato prevent harm from demerit goods
  • Bto provide subsidies for essential goods
  • Cto raise revenue from goods in elastic demand
  • Dto safeguard employment in manufacturing industry

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