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O-LevelEconomicsThe allocation of resources2281/11 · May/June 2024 · Q81 Mark

What could not occur in a market economic system?

Amonopolist supplying specialist goods to the market
Bexcessive pollution created by power stations
Cgovernments setting minimum wages to relieve poverty
Dprivate ownership of firms making defence equipment

✓ Correct answer

C: governments setting minimum wages to relieve poverty

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2024 Paper 1 Variant 1, question 8.

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