Sunday, 11 October 2009

AS Economics - homework: Drinking

We have Stealth Bombers, Stealth Taxes and now 'drinking by stealth'.







This is what you must do:

a. summarise the article and put the summary in your blog
b. link to the article
c. answer the following questions:

1. Explain how 'information failure' is a factor in 'market failure'.
2. Draw a diagram to illustrate 'information failure'
3. Is 'stealth drinking' an example of information failure - and if so, how is this the case?

4. What action could the government take to deal with stealth drinking?

5. Read through the article again - are there any other examples of information failure there?

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