A-LevelEconomicsBasic Economic Problem & Resource AllocationOct/Nov 2012Paper 1 Q11 Mark

What is the defining characteristic of a mixed economy?

Q: What topic does this question test?

This question tests Basic Economic Problem & Resource Allocation in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Aone in which the allocation of resources is determined partly by the state and private individual producers and consumers

Bone in which there are both monopolies and purely competitive industries

Cone in which there are features of both more economically developed and less economically developed economies

Done which produces a mixture of agriculture and industrial products

✓ Correct Answer

The correct answer is A: one in which the allocation of resources is determined partly by the state and private individual producers and consumers

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Basic Economic Problem & Resource Allocation in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2012 examination, Paper 1 Variant 2.

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