O-LevelEconomicsThe allocation of resources2281/11 · May/June 2018 · Q191 Mark

Which situation involving the building industry is most likely to be investigated by a government body set up to control restrictive practices?

Abuilder purchasing a plot of land for development of housing

Bgroups of suppliers of building materials agreeing to fix prices

Cseveral builders bidding for the same contracts

Dseveral builders using different sources of supply

✓ Correct answer

B: groups of suppliers of building materials agreeing to fix prices

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2018 Paper 1 Variant 1, question 19.

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