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A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2023 · Q31 Mark

What is not a characteristic of a mixed economy?

AThe government has no role in setting prices.
BThe government manages taxation rights.
CThe government prevents firms from earning excessive profits.
DThe government provides services not provided by the private sector.

✓ Correct answer

A: The government has no role in setting prices.

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About this question

Topic
Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, May/June 2023 Paper 1 Variant 2, question 3.

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