A-LevelEconomicsBasic Economic Ideas and Resource AllocationFeb/Mar 2020Paper 1 Q41 Mark
Which change in the way resources are allocated in an economy is consistent with moving from a planned economy to a market economy?
Aminimum price guarantee for apple producers is removed.
Bnew government authority is established to monitor inefficiencies in apple production.
CThe production of apples is subsidised to increase output.
DThe sale of apples has a maximum price imposed.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of basic economic ideas and 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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