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A-LevelEconomicsMicroeconomics: Market Forces and Government InterventionOct/Nov 2017Paper 2 Q120 Marks

The world market for rice Table 1: The World Price of Rice (World average price index, 2004 = 100) Year | Rice Price Index ---- | --- 2011 | 242 2012 | 231 2013 | 233 2014 | 235 2015 | 211 Source: F.A.O. The market for rice is more distorted than that for any other basic food. Content removed due to copyright restrictions Rice-exporting countries should encourage this by dismantling controls of their own. Source: adapted from The Economist, 14 November 2015

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The correct answer is . This question tests the candidate's understanding of microeconomics: market forces and government intervention within the Economicssyllabus. The examiner's mark scheme requires...

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2017 examination, Paper 2 Variant 3. It tests the topic of Microeconomics: Market Forces and Government Intervention and is worth 20 marks.

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