O-LevelEconomicsThe allocation of resources2281/11 · May/June 2014 · Q41 Mark

The government of a developed country subsidises local private businesses, and encourages large foreign companies to locate in the country. Which type of economic system is this?

Afree market

Bmixed

Cplanned

Dsubsistence

✓ Correct answer

B: mixed

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 1, question 4.

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