O-LevelEconomicsThe allocation of resources2281/11 · May/June 2011 · Q51 Mark

What is an advantage of the market economic system?

AIt aims for equality of income.

BIt ensures the provision of defence and law and order.

CIt gives an incentive to produce.

DIt reduces pollution and congestion.

✓ Correct answer

C: It gives an incentive to produce.

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 5.

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