Introduction to government

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ECON1 Introduction to Government Answer all the questions below 1. Research the following information Job Office Holder First Lord of the Treasury Chancellor of the Exchequer Governor of the Bank of England Head of the Financial Conduct Authority Secretary of State for Business Chief Secretary to the Treasury Head of the Office for Budget Responsibility 2. Why would a government intervene in a market? 3. Are there reasons other than economic reasons that a government may decide to intervene in a market 4. Using your economic knowledge explain 2 occasions whereby the UK government has had to intervene in the economy WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC

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AQA, Aquinas, Economics, ECON1, Markets, Market Failure

Transcript of Introduction to government

Page 1: Introduction to government

ECON1

Introduction to GovernmentAnswer all the questions below

1. Research the following information

Job Office HolderFirst Lord of the TreasuryChancellor of the ExchequerGovernor of the Bank of EnglandHead of the Financial Conduct AuthoritySecretary of State for BusinessChief Secretary to the TreasuryHead of the Office for Budget Responsibility

2. Why would a government intervene in a market?3. Are there reasons other than economic reasons that a government

may decide to intervene in a market4. Using your economic knowledge explain 2 occasions whereby the

UK government has had to intervene in the economy

WWW.AQUINASECONOMICSAS.CO.UK@AQUINASECONOMIC