A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2016 · Q21 Mark

What is necessary for effective specialisation?

Abarter system

Bmedium of exchange

Cproduction possibility curve

Dsystem of trade protection

✓ Correct answer

B: medium of exchange

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2016 Paper 1 Variant 2, question 2.

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