A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2017 · Q11 Mark

Scarcity means that goods need to be rationed between competing consumers. Which basis for rationing is the most likely to result in the most equal distribution of goods?

Aconsumer preference

Bmarket price

Cpolitical decision

Dseller preference

✓ Correct answer

C: political decision

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About this question

Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 1 Variant 2, question 1.

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