A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2020 · 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
A: minimum price guarantee for apple producers is removed.
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