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Economics A Level
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Sentence starters 25m (nationalization)
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Created by
Toby Landes (GRK7)
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Cards (25)
What is the main task of the essay prompt?
Evaluate the
argument
for rail nationalisation
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What is the suggested structure for the essay?
Diagram
1
KAA 1
Eval
1
Diagram 2
KAA 2
Eval 2
Final Judgment
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What is one key argument for nationalising the rail industry?
It would better serve
consumer interests
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How could transferring ownership to the public sector benefit the rail industry?
It could prioritize
consumer needs
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What is a potential outcome of state-owned enterprises?
They typically prioritize
public service
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How might lower rail fares impact passengers?
It would make travel more
affordable
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What is a counterargument to nationalisation regarding profits?
State ownership
may result in lower profits
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What risk is associated with state ownership in terms of funding?
Less funding may be
available
for improvements
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What have private operators historically invested in?
Infrastructure improvements
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What might the government lose out on with state ownership?
Potential
profits
from the rail
industry
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What does the efficiency of the rail industry depend on?
It might depend on
ownership structure
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What is a second argument for nationalising the rail industry?
The rail network is a
natural monopoly
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Why is the rail network considered a natural monopoly?
Cost of providing services is high
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How could state ownership achieve economies of scale?
By
consolidating
operations and resources
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What advantage do governments have in terms of borrowing?
They can borrow at lower
interest rates
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How could investment in infrastructure address rail issues?
It could improve service
reliability
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What is an important consideration regarding ownership of the rail industry?
It is not the sole determinant of
efficiency
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What have some private operators demonstrated regarding service quality?
They can provide
effective services
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What could a strong regulatory framework ensure?
It could maintain
service quality standards
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How has the ORR previously intervened in the rail industry?
By enforcing
regulations
on operators
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What does effective regulation suggest about nationalisation?
It might be more
beneficial
than nationalisation
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What does the success of the rail industry depend on?
It depends on effective
regulation
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What should the conclusion of the essay address?
The case for rail
nationalisation
Natural
monopoly characteristics
Valid concerns about nationalisation
Potential of a well-regulated private sector
The priority for
consumer interests
The balance between
ownership types
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What is a key consideration in the conclusion regarding ownership preference?
It depends on
consumer interests
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What might a balanced approach to rail ownership involve?
Combining state and private
sector
benefits
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