O-LevelEconomicsThe allocation of resources2281/11 · May/June 2015 · Q51 Mark

What can be found in a mixed economy but not in a market economy?

Anational economic development plan

Ban unequal distribution of income and wealth

Cthe operation of the price mechanism

Dthe private ownership of factors of production

✓ Correct answer

A: national economic development plan

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 1, question 5.

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