O-LevelEconomicsThe allocation of resources2281/12 · May/June 2023 · Q181 Mark

What is the most likely reason to increase government subsidies?

Ato decrease consumption of a merit good

Bto increase consumption of a merit good

Cto decrease consumption of a demerit good

Dto increase consumption of a demerit good

✓ Correct answer

B: to increase consumption of a merit good

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 2, question 18.

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