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O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2025 · Q81 Mark

How are economic decisions determined in a market economic system?

Aby a mixture of market forces and government intervention
Bby central planners of production and consumption
Cby government regulation of the price mechanism
Dby the forces of demand and supply

✓ Correct answer

D: by the forces of demand and supply

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2025 Paper 1 Variant 2, question 8.

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