A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2009Paper 1 Q101 Mark
What is generally considered to be one of the advantages of using the price mechanism as a rationing device?
AIt ensures that goods are allocated in accordance with the needs of consumers.
BIt ensures that suppliers cannot make excessive profits.
CNo one can be prevented from consuming a good if they are willing and able to pay the market price.
DThe allocation of goods is determined by consumers' wealth.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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