Statistics for AQA Economics AS - Functions of prices

Click here to take the quiz!

Hint	Answer	% Correct
Negative externalities such as pollution cause market '______'	Failure	100%
-	Incentive	100%
Market failure occurs when a market supply the wrong '_______' of a good	Quantity	100%
-	Rationing	100%
-	Allocative	50%
A situation in which there is no market because the functions of prices have broken down is a '______' market.	Missing	50%
What is the minimum amount of the price functions that need to break down for market failure to occur?	One	50%
What are the four functions that prices perform?	Signalling	50%