A-LevelEconomicsBasic Economic Problem & Resource AllocationOct/Nov 2012Paper 1 Q11 Mark
What is the defining characteristic of a mixed economy?
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
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The correct answer is A. This question tests the candidate's understanding of basic economic problem & resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
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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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