A-LevelEconomicsMicroeconomic PrinciplesOct/Nov 2016Paper 1 Q171 Mark
Which government policy might limit the rationing function of the price mechanism?
Athe abolition of tariffs on imported consumer goods
Bthe levy of indirect taxes at varying rates on different goods
Cthe payment of subsidies to exporters
Dthe setting of minimum prices for milk
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of microeconomic principles 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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