O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2018 · Q41 Mark

China, the world's second largest economy, is becoming more like a market economy. Which policy would contribute directly to such a change?

Aabolishing state control completely

Bencouraging consumers to spend more and save less

Creducing exports and encouraging more imports

Dtransferring wealth from the state sector to the private sector

✓ Correct answer

D: transferring wealth from the state sector to the private sector

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2018 Paper 1 Variant 2, question 4.

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